Saudi Hollandi Bank (SHB) has reported a net profit of SR293.5 million for the first half of 2003, which is marginally more than the SR290.8 million for the
corresponding period of last year.
However, fees from banking services increased 22%, from SR75.1 million in the year 2002 to SR92.1 in 2003. Shareholders’ equity on 30 June 2003 was SR2.4 billion,
10% more than the SR2.2 billion reported on the same date last year. Earnings per share were SR15.53, compared to SR15.39 for the previous corresponding period. On 30 June 2003, assets amounted to SR27 billion, representing a 4% increase over the SR26 billion recorded on the same date in 2002. Loans and advances increased from SR11.5 billion in the first half of last year to SR12.4 billion on 30 June 2003. Liabilities were SR24.6 billion, 3.5% higher than the previous year’s SR23.7 billion, including customer deposits, which increased from SR17.7 billion to SR18.5 billion.
The bank announced the distribution of an interim dividend of SR7.5 per share.
Source: SPA
