Financial and Banking News
Saudi Hollandi Doubles Q1 Profits
Echoing the trend set by other commercial banks in Saudi Arabia, al-Bankal-Saudi al-Hollandi has declared first quarter profits of SR14mn compared withSR7mn for the first quarter of 1987. Provisions for loan losses remained unchanged at SR13mn. Total assets, at SR10,652mn, have fallen by SR220mn since thebeginning of the year, although loans and advances have increased by SR243mn toSR3,310mn.