Business Loans at Samba Bank - Research Paper Example

They have assisted these individuals with the finances and the loan schemes which were more refining than any other Saudi Bank. Being the first private Saudi Bank, they managed to build a strong customer relationship and is known as one of the most trusted confidants of the elite’s wealth in Saudia. Their banking relationship consists of the relationship manger, a personal advisor and understands and advises the individuals in the protection and the growth of the portfolio of the assets. They have some award winning investment and wealth management experts who are working closely with the relationship manager and are known to every minute detail of the account.

However they are confidential and trusted advisors, who provide the award winning services to their clients. SambaDiamond, Samba Gold, Ladies Banking, Alkhair Personal Loan, Alkhair Home Loan are some of the many finance and loans opportunities provided by Samba Bank at a personal level. Due to the high success rate and reasonable interest rates where the turnover of the bank is also very high. Due to its long history with high success and confidentiality rate, Samba Bank saw a lot of investors trusting Samba with their money.

This is the reason primarily why Samba was shortlisted in the Top Ten Safest Banks of the Middle east and ranked at number four. “The top ten world’s safest banks 2011 in the Middle East list includes National Bank of Abu Dhabi at the top ladder followed by the National Bank of Kuwait, Qatar National Bank, Samba Financial Group (Saudi Arabia), National Commercial Bank (Saudi Arabia), tie for ranking number six between Al-Rajhi Bank (Saudi Arabia), Riyad Bank (Saudi Arabia), Abu Dhabi Commercial Bank, Kuwait Finance House and Saudi British Bank (Saudi Arabia).

” (Saudi Arabia hosts 5 out of 10 safest banks in ME - Arab News ) Keeping in mind the trust and high turnover rate generated by Samba Bank in the personal banking, it introduced the loans schemes in the corporate sector as well which turned out to be equally successful. It is one of the largest providers of Corporate Banking financial products and strives to set a competitive edge which will help it get differentiated from the competitors. Thanks to the differentiated financial banking and the advisory services, Samba Bank has been able to build a very strong relationship with the government; public, private sectors.

The primary focus of the bank is to empower the business owners to pay more attention to their business rather than the bank. Hence, Samba has introduced a number of loans and finances schemes on a commercial level which helps in the achievement of the critical success. It extends a helping hand to those businesses especially which have the potential but not the resources to grow and expand. Therefore, several options like working capital and long/short term loans fulfil the financing needs of the business owners.

Some of the loans which are provided by Samba Bank include: Working Capital Loans. Contract & Project Financing. Investment Loans. Islamic Financing Products. For the convenience of the business owners, there is the online corporate banking facility provided by the Bank so that they can access their account information online as well as view, download or print the information of their accounts as per the requirements. There are ecertain products provided as well as the financing schemes which have been designed with the requirement of the Islamic Banking.

These products as well as services have been established