NCB Private Banking wins Euromoney Award for 'Best Local Private Bank in Saudi Arabia'

The announcement was made at the presentation ceremony, one of the highlights of the Annual Euromoney Awards events held in London from 21st to 25th February 2009.

The award recognizes the leading position that NCB Private Banking occupies in the Saudi market through offering world class private banking services to a select group of elite clients. Capitalizing on NCB's long and distinguished heritage, these services are tailored to meet each individual client's exclusive financial objectives by providing them with the ultimate in personal and private attention to their banking needs.

Mr. Hazim Zaqzooq, Head of NCB Private Banking, said:

"The local private banking sector is highly competitive and this award recognizes our leadership position among the Kingdom's banks."

He went on to express NCB's commitment to providing the highest quality services to its sophisticated clients whose expectations demand nothing less than the finest.

The Euromoney Awards for Excellence are the most respected and credible awards in the financial industry. Based on criteria established over past years, Euromoney combines surveys and quantitative data with informed and subjective judgements to honour those institutions that have brought the highest levels of service innovation and expertise to their customers.

NCB Private Banking introduces a diverse of investment and wealth management services in cooperation with NCB Capital, the investment arm of NCB. It also offers financial advisory services and unique credit facilities that are fundamental to realize clients' investment ambitions.