The Saudi Hollandi Bank (SHB) recorded $37.1 million in profits in the first quarter of 2002, compared with $29.9 million during the same period last year. The bank’s total assets registered at 17 percent also during the first three months of 2002, reported the KUNA news agency.
SHB is a joint venture bank, owned 60 percent by Saudi nationals, and 40 percent by ABN AMRO, the largest bank in the Netherlands. Founded in 1926, SHB is a full-service bank, headquartered in Riyadh with regional headquarters in Jeddah and Al-Khobar. The Bank has 39 branch offices in the Kingdom and a network of 96 in-branch and stand-alone Automated Teller Machines (ATMs).
SHB’s affiliation with Saudi Payments Network (SPAN)’s 2000 ATMs nationwide and arrangements with VISA and the PLUS networks provide customers with over 531,000 cash access points worldwide. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
