Riyadh-based Saudi British Bank (SABB) has won the “Saudi Arabia’s Best Bank 2022” award by Global Finance magazine for the third year in a row.
According to the statement, the award is in recognition of the bank’s efforts in providing a better banking experience to its customers.
The award is voted on by industry leaders, based on criteria including growth in assets, profitability, geographical scope, strategic relations, business development, and product innovation.
Tony Cripps Managing Director SABB
“We are delighted and honored to win this award, recognizing our leadership in providing innovative solutions and products while expanding on our strategic partnerships locally and globally. We will continue to invest in our strong foundations that we have established over the years for the satisfaction of our customers, and we are committed to our role in achieving the Kingdom’s Vision 2030 to stimulate the economy and keep pace with the incredible transformation we are witnessing in the Kingdom.”
SABB said in a statement that it continues to enhance its position in the market through a series of awards and achievements. Further, SABB succeeded in launching the first product of its kind in the Kingdom for inventory financing.
Saudi British Bank (SABB) is a financial institution licensed and subject to the supervision control of the Central Bank of Saudi Arabia. SABB was incorporated in 1978 as a Saudi joint-stock company, and it is an affiliate of the British multinational investment bank and financial services holding company, HSBC Group.
Earlier this year, SABB won the “Best in Class eCommerce Acquirer 2021” award by Mastercard, the American multinational financial services corporation.
