Mergers & Acquisitions
Retail Banking
Uncategorized
NCB-Samba to merge into Saudi banking heavyweight
Saudi Arabia's biggest lender National Commercial Bank 1180.SE (NCB) has entered a binding merger agreement with smaller lender Samba Financial Group 1090.SE to create a combined entity with 837 billion riyals ($223 billion) in assets, NCB said on Sunday. Low oil prices and weak economic growth are pushing bank consolidation…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Reuters