Saudi National Bank (SNB) SWIFT Code: NCBKSAJE

The SWIFT/BIC code for Saudi National Bank is NCBKSAJE. NCBK identifies the bank (inherited from its predecessor, National Commercial Bank), SA stands for Saudi Arabia, and JE is the Jeddah/Riyadh location code. This code routes international wire transfers to SNB accounts.

Saudi National Bank was formed in 2021 from the merger of National Commercial Bank (NCB) and Samba Financial Group. It is now Saudi Arabia's largest bank by total assets, with over SAR 940 billion on its balance sheet. The Saudi Public Investment Fund (PIF) is the largest shareholder.

SAR Oil Revenue and Hajj-Season Payment Volumes

The Saudi riyal (SAR) is pegged to the US dollar at SAR 3.75 per USD. SNB processes a significant share of Saudi Arabia's oil revenue deposits, government payroll, and infrastructure project payments. The bank's wire transfer volumes spike during Hajj season (roughly 2 million pilgrims annually), when hotels, transport, and services generate large inbound AED, USD, and multi-currency flows.

Incoming international wires to SNB in USD settle within 1 business day given the SAR-USD peg. The bank charges SAR 25 to SAR 75 for incoming transfers depending on currency and amount.

Saudi Arabia's Largest Bank Post-Merger

The NCB-Samba merger created a bank with over 500 combined branches and 8 million customers. SNB is a primary banking partner for Saudi Aramco, SABIC, and other major Saudi corporations. The bank holds a notable 9.88% stake in Credit Suisse (now UBS Group), making it a globally connected institution.

SNB offers both conventional and Islamic banking products. Its wire transfer infrastructure handles Sharia-compliant transfers alongside conventional SWIFT messages, with no difference in processing speed or fees.

How Slash fits in

Slash captures SNB wire transfers and tracks SAR payment flows for your Saudi banking operations. Oil-linked receivables, government payments, and cross-border transfers are consolidated with exchange rate details.

Saudi National Bank (SNB) SWIFT Code: NCBKSAJE