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Saudi Arabia

Transaction Banking

Powering businesses in the real economy

Our banking heritage spans more than 170 years. And throughout the decades, we’ve combined the stability of an international bank with the close market proximity of a local one. This means we can shape solutions to meet the needs of both your global headquarters and local offices.

We know that above all, you need reliability. That’s why our commitment to service excellence – to ensure efficiency and accuracy for your daily cash, trade and working capital operations – is unwavering.

Cash Products / Services:

SAR and 20+ Currencies Demand Deposits & Controlled Deposits (Current Accounts / Savings Accounts) (CASA), Electronic Payments: Cross Border payments / Domestic Payments, etc)

  • Payments and Collections and Escrow account services
  • Virtual Account for Collection (VAC)
Wage Protection System (WPS)
Local SAR Cheque Clearing
Inter-Company Loans
Local and Cross border Single and Multi Entity Sweeps
SAR and non-SAR Intra-day Lines

Trade Products/ Services:

Letters of Credit Products (various types)
Guarantees, Standby LCs and Shipping Guarantees  (various types)
Open Account Trade Finance (Import and Export Finance, Bills Discounting, Receivable Finance, Supplier Finance, other)
Documentary Collections and Bankers’ Acceptance