In appreciation of its strong financial performance and wide expansion, the National Commercial Bank (NCB) has been awarded the Best Bank in KSA by Euromoney and the Best Commercial Bank in KSA by CPI Financial-the Banker Middle East.

Saeed Mohammed Al-Ghamdi, CEO of the NCB, said: “The two awards reflect the bank’s strong financial position as well as its local and regional leadership. It also increases our customers’ confidence in the bank and its employees. This is because the NCB believes that competitiveness and high professionalism constitute the main push to improve the banking services and products.”

Faisal Al-Ayyoubi, head of marketing and communication at the NCB, received the Euromoney Award at the Euromoney Award Ceremony in Dubai.

The two awards, which add to the NCB portfolio of accolades, reflect the NCB high net worth, its ability to maintain of its credit rating (A+) by Standard & Poor’s and Fitch, strong financial position in the Saudi banking sector, high liquidity levels and quality credit portfolio.

The bank continued its local and international expansion, achieved its ever-largest profit, enhanced its leading position through various initiatives, improved its IT infrastructure, and developed its human capital by improving the work environment, increasing staff efficiency, and attracting best talents.

To increase its customers’ accessibility to services 24/7, the NCB opened new branches to reach 344 branches by the end of April 2014, and QuickPay centers to reach 98 centers. In addition, a new batch of ATM machines was launched to reach 2,816 devices, and the number of point of sale devices reached 32,414 throughout the Kingdom.