Samba voted "the strongest bank in the Middle East and Saudi Arabia" in 2016
Samba Financial Group, once again, led the performance of the banking and financial institutions operating in Saudi Arabia and the Middle East markets, in a new survey conducted by "The Asian Banker" magazine, a financial and banking industry publication, to measure the performance of the strongest banks on a global level.
"We are proud to be selected as the strongest bank in the Middle East and Saudi Arabia in 2016" says H.E. Mr. Eisa Al Eisa, Chairman of Samba Financial Group, in his comment about this selection. "The results of this survey reflect the quality of professional practices of Samba in its banking and financial activities, as well as its prudent policies that give it high efficiency to continue achieving positive performance against a backdrop of the challenging environment confronting the banking industry", Al Eisa added.
The selection of Samba for this award was announced at a special ceremony held recently on the sidelines of the annual conference of the "SWIFT" Organization in Geneva, Switzerland. The survey measured the performance of 500 banking and financial institution in the world. Samba showed strong performance in profitability, asset quality, capital adequacy and return on assets; giving it the ability to achieve strong and competitive growth rates in the Kingdom and the Middle East, while the operating environment of the banking industry faced many challenges and difficulties.
The survey process included six major criteria, associated with the ability to expand, growth of balance sheet, risks, ratios of profitability, asset quality and liquidity. The survey team included a number of major investors, analysts and media specialists. Their views monitor Samba’s excellence of performance compared to its rivals, which prompted them to select Samba on the top of the list of the strongest banks in the Kingdom of Saudi Arabia and the Middle East in 2016.