ANB participates in sponsoring the "Revival of the Historic Zubaidah Trail" festival, launched on Monday 4/1/2021 in Hail, under the patronage of the region's governor, His Royal Highness Prince Abdulaziz bin Saad bin Abdulaziz. The event will last for 16 days, with the participation of a number of hiking and archeology fans who will travel a distance of 420 km.
The bank’s initiative is part of its support for social and cultural activities that highlight the Kingdom’s history and heritage.
Zubaidah Trail, named after Zubaidah bint Ja’far, wife of Abbasid Caliph Harun Al-Rashid, is a landmark that has played a prominent religious, economic and social role.
Arab National Bank and Monsha'at have entered into an agreement that will enable, small and medium enterprises (SMEs) to obtain financing from ANB via Monsha’at’s dedicated Financing Gateway page at Monsha’at website.
The agreement was signed by the Deputy Governor of "Monshaat" Mr. Muhammad bin Misfer Al-Maliki, and the Head of Small and Medium Enterprises Division at ANB, Mr. Khaled Abdulaziz Al-Rashed.
Speaking about the agreement, Deputy CEO of ANB, Mr. Obaid Al Rasheed mentioned that this agreement is part of the bank’s continuous efforts to cooperate with various government authorities in order to support and fulfill the financial needs of SMEs, being one of the economic pillars of the Kingdom’s 2030 vision.
It is worth mentioning that Monshaat is working with its partners from all sectors to diversify sources of financial support for SMEs, in order to increase their contribution in the GDP to 35% by 2030.
Arab National Bank has launched the latest version of its app, ANB Mobile, with a revamped interface, exceptional features, and biometric identification technology.
Obaid A. Al-Rasheed, deputy CEO, said: “The new platform is part of our transformation strategy and reflects our continuing commitment to offering a more convenient and secure banking experience.”
The upgraded app is loaded with advanced features to fulfill a wide range of digital banking solutions, whereby customers can open accounts, login easily through biometrics, manage their accounts, cards and investments round the clock, and apply for finance products conveniently, without the need to visit the branch.
Arab National Bank (ANB) reported a net profit of USD 479,6 million for the first nine months of 2020, compared to USD 668,8 million for the same period last year, a decrease of 28.3%.
Profits of the third quarter of 2020 reached USD 178,3 million compared to USD 222,6 million for the same period last year, representing decrease of 19.9%.
ANB total operating income for the first nine months of 2020 reached USD 1,180 million compared to USD 1,361 million for the same period last year, a decrease of 13.3%. Assets as of September 30, 2020 reached USD 50,3 billion, and investments reached USD 11,6 billion, while the loans portfolio reached USD 31,5 billion and customers’ deposits reached USD 36,5 billion.