Profile

  • Print Print

The Saudi British Bank (SABB), a Saudi Joint Stock Company, was established in 21 January 1978 and is an associate of the HSBC Group. The Bank’s capital is Saudi Riyals (SAR) 15 billion.

The main objectives of the Bank are to provide a complete range of integrated banking products and services to both retail and corporate sectors throughout its departments, business segments and its branch network across the Kingdom of Saudi Arabia.

The Bank provides to its customers a complete set of conventional banking products and services which include current accounts, savings, time deposits, corporate credit facilities, consumer and mortgage loans, trade finance, cash and payments management, treasury and credit cards. The Bank also provides Shariah approved products, which are approved and supervised by an independent Shariah Board.

Credit Ratings

British Bank (SABB)

STANDARD & POOR'S

31 March 2016

FITCH

 20 April 2016

Moody's

7 March 2016

RATING

OUTLOOK

RATING

OUTLOOK

RATING

OUTLOOK

Long Term/Senior

BBB+

Stable 

A-

Negative

Aa3

On Review for Possible Downgrade 

Short Term

A-2 

 

F2

 

P-1

 

Assets

SAR 187.8 billion at 31 December 2015.

SAR 187.6 billion at 31 December 2014.

SAR 177.3 billion at 31 December 2013.

SAR 156.7 billion at 31 December 2012.

SAR 138.7 billion at 31 December 2011.


Profit

SAR 4,311 million for the year ended 31 December 2015.

SAR 4,266 million for the year ended 31 December 2014.

SAR 3,774 million for the year ended 31 December 2013.

SAR 3.240 million for the year ended 31 December 2012.

SAR 2.888 million for the year ended 31 December 2011.


Capital Strength:

SABB paid up capital is SAR 15 billion with share capital ownership split as follows:

60% Saudi Nationals
40% HSBC Holdings BV (a wholly owned subsidiary of HSBC Holdings plc)

Network

SABB operates through a network of 99 branches, including 18 exclusive Ladies’ sections, with a team of 3,314 employees of whom 89.9 % are Saudi nationals as at 31 December 2014.

Products and Services

Enhanced levels of service for all our customers – that’s what we at SABB consistently strive for. Our range of banking services includes Personal, Commercial, Corporate, Private and Islamic Banking; Investment, Treasury and Trade Services, and Credit and ATM Cards that are welcomed in more than 18 million commercial outlets within the Kingdom and around the world. In addition SABB ATM and credit cards can access more than 350,000 ATMs in the Kingdom and around the world. Our Electronic, Internet and Telephone Banking facilities allow customers to conduct banking business from the comfort of their own homes or offices and our information delivery channels now include mobile telephone technology and Short Message Services (SMS).