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SHB, $254.1m 2006 profit
- Saudi Arabia: Sunday, February 04 - 2007 at 09:15
The Saudi Hollandi Bank has revealed 2006 net profits of $254.1m, down from $280m last year, reported Arab News. The bank put the reduction down to a one-off credit provisioning in Q2, otherwise profits would have risen 17.4%. Total assets rose to $12.5bn, a 17% lift on 2005's figures.
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Jonathan Sheikh-Miller, Deputy EditorSunday, February 04 - 2007 at 09:15 UAE local time (GMT+4)
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