Financial and Banking News
Saudi Hollandi Reports Sluggish Growth, Says Better Is to Come
Riyadh-based Saudi Hollandi Bank has declared profits of SR133.9mn ($35.7mn)for 1992, up 4.3% on the previous year. The balance sheet grew by 19% toSR13,523bn ($3.606bn). As a result, the bank's profitability declined during1992 and it will probably find itself in the lower half of Saudi banks'performance ratings for the year. Managing Director Robert van Es says...