VOL. XXX
NO. 25
30-MARCH-1987
Financial and Banking News
REGIONAL BANKING
Saudi Hollandi Reports 58.7 Decline in 1986 Profit
Al-Bank al-Saudi al-Hollandi last week announced a 58.7% decline in netprofits to SR7.82mn ($2.08mn) in 1986 from SR18.95mn ($5.05mn) in 1985, whenprofits dropped 81.8% from 1984. Revenues were down 5.3%, to SR759.1mn($202.4mn) in 1986 from SR801.8mn ($213.8mn) in 1985, while provisions fornon-performing loans fell 14.5%, to SR60mn ($16mn) in 1986 from SR70.2mn($18.7mn) the...
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