Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

, a total of 31 banks are currently licensed by the Saudi Arabian Monetary Authority (SAMA): 11 local banks and 20 branches of foreign banks.

National-Licensed commercial Banks in Saudi Market

There are 11 local licensed banks in Saudi Arabia:

List

Foreign-Licensed Banks in Saudi Market

There are 20 foreign licensed banks in Saudi Arabia including: *

Emirates NBD Emirates NBD Bank PJSC is Dubai's government-owned bank and is one of the largest banking groups in the Middle East in terms of assets. History and profile Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by the ...

National Bank of Bahrain National Bank of Bahrain (NBB) was established in 1957 as the first indigenous bank in Bahrain. They are a nationwide network of 25 branches, 61 ATMs, and over 4,000 points of sale terminals in addition to their branches in Abu Dhabi and Riyad ...

(NBB) * National Bank of Kuwait (NBK) *

Bank Muscat Bank Muscat is a financial services provider in the Sultanate of Oman providing corporate banking, retail banking, investment banking, treasury, private banking and asset management. The bank, with assets worth US$ 31.9 billion in 2018, has the ...

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

* BNP Paribas *

J.P. Morgan Chase JPMorgan Chase & Co. is an American Multinational corporation, multinational Investment banking, investment bank and financial services holding company headquartered in City of New York, New York City and Delaware General Corporation Law, inco ...

N.A *

National Bank of Pakistan National Bank of Pakistan (NBP) () is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakist ...

(NBP) * State Bank of India (SBI) Bank business stopped upon the bank request of license in 2017SBI Jeddah to cease operation by 2017 end as SAMA clears the way
/ref> * T.C.ZIRAAT BANKASI A.S. * Industrial and Commercial Bank of China (ICBC) * Qatar National Bank (QNB) * MUFG Bank, Ltd. * First Abu Dhabi Bank (FAB) *

Trade bank of Iraq Trade Bank of Iraq (TBI; ar, المصرف العراقي للتجارة) was established in July 2003 to facilitate Iraq's domestic and international trade dealings once the United Nations Oil-for-Food Programme ended in 2003. History TBI was ...

(Licensed - had not yet started ) * Standard Chartered Bank (Licensed - had not yet started ) * Credit Suisse (Licensed - had not yet started ) The full and updated list can be seen on https://www.sama.gov.sa/en-US/LicenseEntities/Pages/LicensedBanks.aspx

References

Banks A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...

National-Licensed commercial Banks in Saudi Market

List

Foreign-Licensed Banks in Saudi Market

See also

References