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Saudi British Bank announced today (Sunday) that the merger between SABB and Alawwal banks has been completed, in which all products and services have been merged for all customers.
SABB Bank board chairwoman Lubna Al-Olayan explained that the merger has made it possible to review all aspects of the business of the two banks in order to discover the best advantages and invest the opportunities to offer a more competitive offer, indicating that SABB offers numerous offers in the field of business banking services to support growth in all aspects of the economy and will allow private banking individuals to access a larger network of branches through the kingdom.
She stressed that the bank will work to strengthen its partnership with the HSBC Group to provide access to an international banking network, while introducing new standards in digital services in the Kingdom.
The merger enabled the 300-member project team to accomplish thousands of tasks, including the migration of 4,500 corporate clients and 500,000 individual Alawwal Bank clients to the new merged bank.
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