The Saudi Hollandi Bank (SHB) recorded a net profit of SR202.9 million for the quarter ended March 31, 2005, up 24 percent from SR163.9 million for the same period the previous year. Assets totaled SR33.9 billion, up 13.7 percent from SR29.8 billion the previous year. Shareholders' equity increased by 11.9 percent from SR2.7 billion to SR3.0 billion, while earnings per share reached SR8.05 compared to SR6.51 for the same period the previous year. Customers' deposits reached SR24.1 billion compared to SR23.1 billion for the same period the previous year. Loans and advances increased by 18 percent to reach SR17.3 billion. Fee from banking services amounted to SR94.7 million, up 30 percent from SR72.7 million for the same period the previous year. The investment portfolio grew by 23 percent to reach SR9.1 billion as of March 31 this year. SHB operates 41 branches and 140 ATMs throughout the Kingdom of Saudi Arabia, according to a press statement published today.
