NO. 18


Financial and Banking News

Bank Results

Saudi Hollandi Posts Record Profits

Saudi Hollandi Bank has reported profits of SR180.1mn ($48mn) for 1993, itshighest ever, and a 35% increase on 1992. Most of the increase is attributableto higher income from securities, which more than offset the fall in interestincome and an increase in staff costs. No cash dividend is being proposed, inline with previous years. During 1993 the bank expanded its retail operations by...