My bank...
Riyad Bank
is one of
the largest
financial
institutions
in Saudi
Arabia,
with a strong
and growing
corporate
and retail
banking
franchise.
Operational
Performance
From retail
banking
to project
finance,
Riyad Bank
is mobilizing
its substantial
capital
base and
decades
of expertise
to take
a cutting
edge role
in Saudi
finance.
The bank
has emerged
as a lead
financier,
arranging
and participating
in a flow
of syndicated
loans in
the oil,
petrochemicals,
power and
water sector,
including
some of
the kingdom’s
most notable
infrastructure
and construction
projects.
Additionally,
our unique
understanding
of the Saudi
economy
and industry
helps us
to continually
deliver
a range
of comprehensive
financial
services
even as
far as our
offices
in London,
Houston
and Singapore,
thus supporting
the international
banking
needs of
our clients.
For the
sake of
greater
customer
convenience,
our full
service
approach
is delivered
through
an accessible
network
of 216 branches.
Additionally,
RiyadNet
our remote
banking
package
uses the
latest electronic
technologies
to bring
banking
into our
customers’
homes, hotel
rooms and
offices.
Our continually
enhanced
telephone,
Internet,
mobile phone
banking
services
and more
than 2,435
multi-function,
strategically
located,
Automated
Teller Machines
offer customers
unrivalled
convenience
and accessibility
for their
banking
needs.
As a result
of our depth
of experience
and expertise
in handling
our customers’
investments
we have
been recognized
by the Saudi
Arabian
Monetary
Agency’s
Investment
Product
Committee
as the leading
investment
performance
bank in
Saudi Arabia,
for the
ninth year
in a row.
This has
culminated
in Riyad
Capital
(Riyad Bank’s
investment
banking
arm) being
selected
for a total
of 190 investment
awards in
categories
ranging
from ‘best
mutual fund
performance’
to ‘best
fund manager’,
consecutively.
Our superb
investment
infrastructure
and use
of highly
qualified
professionals
position
us well
to adapt
quickly
to the latest
market conditions
thus always
ensuring
our customers
continue
to earn
the best
possible
returns.
In addition,
the RiyadTadawul
service
for trading
shares is
also available
via our
electronic
banking
services.
Financial
Performance
Riyad Bank
has achieved
SR 3,030
million
as net income
for the
year 2009,
with net
special
commission
increasing
to SR 4,347
million
against
SR 3,947
million
in 2008.
Financial
Strength
Total assets
as at end
of December
2009 reached
SR 176 billion
and shareholders
equity reached
SR 28
billion.
Customer
deposits
have continued
to rise
to SR 125
billion
and loans
have grown
to SR
107
billion.
Riyad
Bank has
been
awarded
the
highest
ratings
by the
most
esteemed
international
credit
rating
agencies.
Standard
& Poors
have
awarded
Riyad
Bank A+
and A-1
ratings
for long
term and
short
term
liabilities
respectively;
this is
the
highest
credit
rating
among
banks in
the
Kingdom.
Fitch
has
awarded
the bank
an A+
rating
for long
term
liabilities
and an
F1 for
short
term
liabilities.
Additionally,
Riyad Bank
has been
awarded
an AA-
for long
term liabilities
and an A+
for short
term liabilities
from Capital
Intelligence.
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