Saudi Hollandi Q4 net profit up 35.6%

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
10.25
-0.2 -1.91 (%)
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!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia, other issuers gear up as Gulf bond crush looms

Saudi Arabia, other issuers gear up as Gulf bond crush looms

Cash-strapped region gears up for one of its heaviest-ever periods...

Saudi central bank fights to curb money rate rise

Saudi central bank fights to curb money rate rise

Commercial bankers say more radical steps may be needed to fight...

Are the troubles easing for Saudi construction giant Binladin?

Are the troubles easing for Saudi construction giant Binladin?

Gulf kingdom's biggest builder appears to have pulled back from...

Most Discussed
sponsoredTracking