Saudi National Bank 2023 AR2
The report highlights Saudi National Bank's record financial performance in 2023, with net income rising by 8% to SAR 20.0 billion and total assets surpassing SAR 1.0 trillion. The bank made significant progress in its digital transformation, achieving 85% digital penetration in retail banking and launching a pilot for a new banking app. In sustainability, SNB refreshed its ESG framework, financed SAR 1,518 million in green assets, and supported the Saudi Green Initiative by planting 200,000 mangrove trees. Additionally, the bank increased its community investments by 25.4% and achieved a 99.2% nationalization rate in its workforce.
Company: Saudi National Bank
Sector: Financials
Country: Saudi Arabia
Year: 2023
Type: AR2
Pages: 109
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Saudi National Bank
Annual Report
The report highlights Saudi National Bank's record financial performance in 2023, with net income rising by 8% to SAR 20.0 billion and total assets surpassing SAR 1.0 trillion. The bank made significant progress in its digital transformation, achieving 85% digital penetration in retail banking and launching a pilot for a new banking app. In sustainability, SNB refreshed its ESG framework, financed SAR 1,518 million in green assets, and supported the Saudi Green Initiative by planting 200,000 mangrove trees. Additionally, the bank increased its community investments by 25.4% and achieved a 99.2% nationalization rate in its workforce.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees