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Financial Institution Banking

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Financial Institution Banking

Financial Institution Banking 


Among all ME banks, NCB has maintained the dominant position in international banking as represented by the bank’s long-standing correspondent banking relationship with over 900 international banks worldwide. This global banking partnership has been managed by the Financial Institutions Department (FID), which is a core department of the Treasury Group​.

Its mandate is to open, develop, manage and monitor all Nostro/Vostro account arrangements and reciprocity; review and update NCB's schedule of tariffs, pricing and terms and conditions; compile and disseminate L/C exchange information, control and monitor NCB's overseas Representative Offices  [ Singapore, Korea  & China]; attend to all international operations issues addressed by correspondent banks, domestic divisions and customers; develop a comprehensive global country limit review procedure and establish country limits; recommend appropriate credit limits in addition to the following:

  • Managing a network of correspondents providing services for outward business generated by the domestic customers of NCB.  It seeks to provide the highest quality service at the best price.

  • Providing cash management services and processing inward payments received from correspondent banks overseas, through opening and managing other financial institutions accounts with NCB.

  • Advises, confirms and discounts Letters of Credit in favor of Saudi exporters on behalf of partner banks.  

  • Provides project-related guarantees in favor of Saudi beneficiaries in coordination with partner banks and bond applicants. 

  • Develops cross border lending opportunities including oil import post shipment finance where these are within strategic goals.

  • Advising and confirming Letters of Credit in favor of Saudi exporters on behalf of foreign banks.

  • Ensuring considerate compliance of KYC/AML for all relationships.​


CONTACT US

The National Commercial Bank Financial Institutions Department,NCB Tahlia, Prince Mohd Bin Abdulaziz Street (Previously Tahlia Street).

​Address:

​Address: PO Box 3555, Jeddah 21481, KSA

Phone:

​(966) 12 610 7091 &  (966) 12 -610 7081

​Fax:

​(966) 12 263 0061​

E-mail:FI-CSO@alahli.com
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NCB All Rights Reserved 2017