Growing Globally
NCB has a long-established international presence, with branches or offices in Bahrain, Beirut, London, Singapore, Tokyo, and Seoul. Further expansion is a priority.
The world’s most attractive emerging markets include countries in the Middle East and North Africa (MENA) region, where growth is driven by high oil prices, economic reforms, and private sector expansion.
NCB’s international expansion strategy involves combining our expertise in Shariah compliant products and management of large distribution networks and customer segments, with insights into local markets.
In 2007, we took the first steps towards implementing our expansion programme, with the acquisition of a 60.68% share in Türkiye Finans Katilim Bankasi, one of Turkey’s leading ‘participation’ banks. This move illustrates the requirement for synergy underpinning our policy in making future acquisitions across the region.