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SHB Q1 profit up 24%
- Saudi Arabia: Tuesday, April 19 - 2005 at 10:18
The Saudi Hollandi Bank recorded a profit of $54m for Q1 2005, up 24% on the same period last year. Shareholder equity increased by 11.9% to $800m while earnings per share reached SR8.05. The bank advanced $4.6bn in loans in the period, a rise of 18% and at the end of March held assets valued at $9.04bn, up 13.7%. MD Peter Baltussen said that new clients have been attracted by its new Van Gogh preferred banking centres.
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