Samba Bank |
Samba Financial Group (Saudi American Bank until 2003) is one of the leading financial institutions in the Middle East and one of the most profitable retail banks in Saudi Arabia. Samba was established in 1980 with the takeover of Citibank branches in Jeddah and Riyadh that were first established in the Kingdom in 1955. A merger with United Saudi Bank (USB) in 1999 has seen it become one of the largest and most profitable banks in the Middle East with capital of SAR6.0 billion and with about 3,000 staff. The bank currently boasts 80 branches, more than 400 ATMs, three Global Investment Centres, and 32 Speed Cash Centres within the Kingdom. It has international branches in London (since 1984) and Dubai. In 2010, Samba has opened its first branch in the Qatari capital Doha, in the Tornado Tower in West Bay, the most prestigious Business District in Doha, becoming the first Saudi bank to establish a presence in the State of Qatar. Samba was also the first Saudi Bank to operate in Dubai in 2008. As of June 30, 2011, Samba Financial Group had SR190.6 billion (US$50.8 billion) in total assets, SR138.8 billion (US$37.0 billion) in customer deposits and SR26.7 billion (US$7.1 billion) in total equity. Samba Bank Limited is a subsidiary of Samba Financial Group of Saudi Arabia. Samba Bank Ltd., is based in Karachi, Pakistan and it was formerly known as Crescent Commercial Bank. Samba Financial Group holds about 81% stake in Samba Bank. With over 430 employees, Samba Bank has a network of 28 branches in Pakistan of which 11 located in Karachi, 8 in Lahore, 4 in Islamabad, and one each in Peshawar, Sialkot, Multan, Gujranwala and Faisalabad. Headquarters address: |
