Samba seeks to expand network by 40% in two years, says Chairman

18/09/2019 Argaam

 

Samba Financial Group is seeking to expand its network by 30-40 percent over the next two years, given the boom currently taking place in the Kingdom, CNBC Arabia has reported, citing Chairman Ammar Al Khudairi during the currently-convened Euromoney Conference Saudi Arabia 2019.

 

“Samba has expansion plans in all segments, including financing retailers, corporates, small-and-medium firms, in addition to introducing new banking services,” he added.

 

This came in line with the current growth momentum in the Kingdom due to higher consumer spending, and increasing number of sold residential units.

 

“The bank adopted a conservative policy over the past years, as it allocated reasonable provisions to reach sustainable profitability,” Al Khudairi indicated.

 

Samba has a network of 72 branches by the end of H1 2019, Argaam previously reported.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read