Formerly Saudi American Bank, Samba Bank is the kingdom’s third-largest bank by assets. It reported a 16.25 percent year-on-year (YoY) drop in net profit in H1 2019 due to higher operating expenses and increased credit impairment provisions, however its CEO told Reuters in April that Saudi banks will see double-digit asset growth by early 2020, supported by government plans to diversify its oil economy. The bank was founded in 1980.