VOL. XXXI
NO. 25
28-MARCH-1988
Financial and Banking News
REGIONAL BANKING
Saudi Hollandi Posts Big Profit Recovery
Al-Bank al-Saudi al-Hollandi has recorded a profit of SR22.443mn in 1987,nearly triple the figure in 1986 and the best result since 1984, despite havingincreased its loan loss provisioning from SR60mn to SR73.75mn. The improvementcame about exclusively as a result of cost-cutting by the bank, which kept itsgross income steady at SR272mn while reducing expenses from SR205mn to...
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