Centre for Financial and Monetary Systems
The Centre for Financial and Monetary Systems is designing and developing a financial system that effectively allocates capital and investment in support of planet, people, and communities.
Saudi National Bank (SNB) is the largest bank in Saudi Arabia, formed through the merger of National Commercial Bank (NCB) and Samba Financial Group in 2021. It plays a pivotal role in the Kingdom's financial sector, providing a range of banking services across retail, corporate, and investment banking. SNB supports the country's Vision 2030 goals by promoting digital transformation, innovation, and sustainable financial growth. With a strong focus on expanding its regional and international presence, the bank engages in sectors like financial technology, cybersecurity, and the Fourth Industrial Revolution, while fostering partnerships with key global institutions.
For Q2 2024, SNB's net profit reached SAR 5.23 billion, marking a 4.3% growth year-on-year. The bank's continued growth in financing and investment portfolios, coupled with higher benchmark interest rates, played a key role in boosting revenue.
The Centre for Financial and Monetary Systems is designing and developing a financial system that effectively allocates capital and investment in support of planet, people, and communities.
The Centre for Regions, Trade and Geopolitics is helping stakeholders shape progress on global and regional priorities within the most complex geopolitical and geo-economic landscape in d...