Saudi National Bank 2022 AR2
The report highlights Saudi National Bank's (SNB) strong financial and operational performance in 2022, marking its first full year following the merger of NCB and Samba. The company achieved a record net income of SAR 18.6 billion, representing a 47% increase compared to 2021, and expanded its total assets to SAR 945.5 billion. On the sustainability front, SNB advanced its ESG commitments by planting 200,000 mangrove trees, screening 100% of transactions for money laundering, and increasing its community investments by 27%. Additionally, the bank achieved a Saudization rate of 99.3% and increased female representation to 13.4% of its workforce.
Company: Saudi National Bank
Sector: Financials
Country: Saudi Arabia
Year: 2022
Type: AR2
Pages: 218
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Saudi National Bank
Annual Report
The report highlights Saudi National Bank's (SNB) strong financial and operational performance in 2022, marking its first full year following the merger of NCB and Samba. The company achieved a record net income of SAR 18.6 billion, representing a 47% increase compared to 2021, and expanded its total assets to SAR 945.5 billion. On the sustainability front, SNB advanced its ESG commitments by planting 200,000 mangrove trees, screening 100% of transactions for money laundering, and increasing its community investments by 27%. Additionally, the bank achieved a Saudization rate of 99.3% and increased female representation to 13.4% of its workforce.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Net Zero Target
Employees