Annual Report 2021

Annual Report 2021

Chairman's
Statement

SNB continued its successful drive towards realizing its strategic vision and aspirations. As Saudi Arabia’s national banking champion and regional financial powerhouse, SNB is the largest bank by assets.

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Operational highlights of 2021

Maximizing
our cost and
revenue
synergies

12.7bn

Saudi Arabian Riyals

Despite the merger, we continued our record profits, rising to SAR 12.7 billion in 2021

11+mn

Customers

After merger, SNB customer base became 11 million

914bn

Saudi Arabian Riyals

The largest bank in Saudi Arabia in assets. SNB assets exceed SAR 914 billion

587bn

Saudi Arabian Riyals

The largest bank in Saudi Arabia in customer deposits

118.5bn

Saudi Arabian Riyals

SNB is helping Saudi families own homes in line with the Vision, residential financing grew 45% during the year to reach SAR 118.5 billion

9

Months

Completing the fastest and largest merger in the region in 9 months, and migrating all accounts in 6 months

98.9%

SNB Saudization rate reached 98.9%, women constituted 26.1% of the new hires in 2021

99%

Digital financial transactions reached 99% in retail, and 98% in corporate

Financial highlights
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Financial Highlights of 2021

Maximizing
our cost and
revenue
synergies

Total assets
SAR bn
Financing and advances, net
SAR bn
Customers’ deposits
SAR bn
Equity attributable to equity holders of the Bank
SAR bn
Net income after zakat & tax attributable to equity holders of the Bank
SAR bn
Operational Highlights
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Managing Director and Group Chief Executive Officer's Statement

2021 was a remarkable year for our bank; the merger of the National Commercial Bank and Samba Financial Group marked a watershed moment in Saudi banking history, and we succeeded in completing the largest and fastest bank merger in the region to form Saudi Arabia’s banking champion, the Saudi National Bank.

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Chief Executive Officer's Statement

Together
we are SNB

presence of a Saudi and national bank with huge capabilities, rich experience, and a network of cross border relations, can play the role of a strong and reliable economic and financial partner for the Saudi national economy

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Download our Merger Success Story