Tue, Sep 16, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Hollandi cost-cutting drive paying off

Posted on 12 July 2010

From Gulf-daily-news.com: Saudi Hollandi Bank had the best second quarter among three local lenders that announced quarterly earnings yesterday after it cut costs by more than half to offset a decline in lending income.

The bank, part owned by a Royal Bank of Scotland-led consortium that may sell its stake through a public offering, has more than doubled its net profit in the three months to June end to 250.5 million Saudi riyals ($66.8m), beating analysts’ forecasts…………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930