Saudi Arabia’s National Commercial Bank tops The Banker's Arab banks ranking, 2014. NCB enjoyed an exceptional year and executed a number of significant changes to its operations in 2013, including the merger of its ‘individual banking’ and ‘consumer finance’ divisions to create the Retail Banking Group. Moreover, NCB recorded significant growth according to most of its major business indicators.
The bank achieved a record net income in 2013, which grew 21.7% to SR7.58bn ($2.09bn), while total assets increased by 9.3%. Return on average equity grew from 17.96% at the end of 2012 to 19.95% by year-end 2013. This performance is widely expected to continue in 2015, particularly as the Saudi economy maintains its upward growth trajectory.
For more on the performance of Arab banks in 2014, read Jame's King's story, Top 100 Arab banks, 2014: a stand-out year.
The chart was produced using The Banker Database, which provides comprehensive financial data, news feed and executive contact data for more than 5000 of the world's leading banks. For more in-depth information on Arab banks, visit www.thebankerdatabase.com.
