From Thepeninsulaqatar.com: Saudi Hollandi Bank, the kingdom’s oldest bank, will put more focus on retail banking in the short-term to boost profit growth after multi-billion dollar defaults by some Saudi family-owned firms.
The lender, part-owned by Royal Bank of Scotland, does not have a new cost-cutting policy, Managing Director Bernd van Linder said yesterday, after a 50 percent drop in costs led it to a stellar profit growth performance during the second quarter……………………………………….Full Article: Source