NCB, Samba to relocate some branches as lenders combine
Published 16 Mar,2021 via Arab News - Economy JEDDAH - The merger of National Commercial Bank (NCB) and Samba Financial Group (Samba) will involve the relocation of some branches currently located close to each other, said the chairman of the enlarged lender.
The new Saudi National Bank will have 503 branches in the Kingdom, around a quarter of all bank branches in the country, said Ammar Al-Khudairy, board chairman of the new bank.
He was speaking at a webinar organized by the Saudi Ministry of Finance’s Communication and Financial Knowledge Center and moderated by Talat Hafiz, a member of the Saudi Financial Association and an Arab News columnist.
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