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
38.3
0.4 1.06 (%)
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
MidEast boutiques seek to become fashionable M&A choice

MidEast boutiques seek to become fashionable M&A choice

Number of such firms in the Middle East is growing, centred on...

Saudi money market turmoil shows bank jitters over bond issues

Saudi money market turmoil shows bank jitters over bond issues

Money market moves show concern about Saudi banks' ability to...

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Most Discussed