The Saudi British Bank
The Saudi British Bank (SABB) is an Associated Company of the HSBC Group, one of the world`s largest banking and financial services organizations. It is principally engaged in providing commercial and corporate banking solutions to individual and business customers in Saudi Arabia. SABB offers various Individual Solutions like deposits, cards, financing services, investment services and wealth management services; and Business Solutions like business accounts, treasury services, payments and cash management, trade services, institutional banking and credit cards. SABB principally operates in Saudi Arabia through its network of 84 full service branches including 15 exclusive Ladies` branches. The company is headquartered at Riyadh in Saudi Arabia.The bank reported interest income of (Saudi Riyals) SAR 5,864.97 million during the fiscal year ended December 2008, an increase of 12.36% over 2007. The net interest income after loan loss provision of the bank was SAR 2,748.84 million during the fiscal year 2008, an increase of 3.25% over 2007. The net profit of the bank was SAR 2,920.02 million during the fiscal year 2008, an increase of 12.01% over 2007.
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