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.


Market Performance

Saudi Hollandi Bank
0.6 1.23 (%)
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
The spectacular rise and fall of Arabtec

The spectacular rise and fall of Arabtec

The ups and downs of Dubai most heavily traded stock teaches...

MidEast investors eye $180bn overseas spending

MidEast investors eye $180bn overseas spending

Arab institutional investors have been buying up swathes of ...

Gateway to a new era

Gateway to a new era

Could Telr be the answer to start-ups’ prayers? The new three...

Most Discussed