Saudi Gazette - NCB net income surges 21.7% in 2013:
"National Commercial Bank (NCB) recorded SR7.85 billion net income in 2013, compared to SR6.45 billion in the previous year, an increase of SR1.399 million, with a growth rate of 21.7 percent, NCB Chairman Mansour Al-Maiman said Monday.
Al-Maiman said the bank has boosted its leading position as a premier financial institution through a number of critical internal changes, which had very positive impacts on NCB financial results. NCB looks at 2013 as the year of market growth, expansion in local and international outreach, upgrade of technical infrastructure, and training and development of its human capital. In this regard, certain procedures were taken to enhance NCB work environment, improve staff capabilities and attract the best talents.
In 2013, NCB launched many initiatives reformulating its strategy to meet its shareholders, customers and employees’ aspirations and cope up with the ongoing requirements of our national economy. In addition, NCB completed its major reforming amendments on both organizational and operational levels, which were well reflected on the bank’s performance and growth of its net income."
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