Saudi Hollandi Q4 net profit up 35.6%

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Saudi Hollandi Bank, Saudi Arabia's fourth-largest listed bank, said on Saturday its fourth quarter net profit rose 35.6 percent compared to the same period last year due higher operating income.

The lender said in a statement posted on the Saudi bourse's website it made SAR313.4m (US$83.6m) in the last three months of 2012 compared to SAR231.2m in the last quarter of 2011.

Saudi banks have enjoyed successive years of expansionary government budgets, ample liquidity and improving corporate loan demand.

Operating profit for the fourth-quarter grew by 9.2 percent to SAR550m, Saudi Hollandi said, and income from special commissions increased by 10.5 percent to SAR345.1m.

Saudi Hollandi's loans and advances portfolio climbed 20 percent to SAR45.3bn.

Related:

Market Performance

Saudi Hollandi Bank
53.75
0.57 1.07 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finance talk with RAKBANK

Finance talk with RAKBANK

StartUp sat down with RAKBANK’s head of personal banking, Ian...

Tips from the top: Hisham Al Gurg

Tips from the top: Hisham Al Gurg

High profile investor and entrepreneur Hisham Al Gurg discusses...

1
The hubsters' ecosystem

The hubsters' ecosystem

Tamara Pupic visits Impact Hub Dubai, the first local branch...

Most Discussed