The National Commercial Bank (NCB), Saudi Arabia's largest bank, with assets totaling $119.8 billion, has decided to close its two Lebanese branches.
NCB Lebanon, known as the Saudi National Commercial Bank (SNCB), provided its services mainly to Saudis, Lebanese expatriates working in Saudi Arabia and Lebanese who have business deals with the Kingdom.
SNCB does not currently have loans in the local market, according to a source at the bank, which said that the portfolio has not be...
Article details
NCB Lebanon, known as the Saudi National Commercial Bank (SNCB), provided its services mainly to Saudis, Lebanese expatriates working in Saudi Arabia and Lebanese who have business deals with the Kingdom.
SNCB does not currently have loans in the local market, according to a source at the bank, which said that the portfolio has not be...
Article details
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