(Adds details, background)
JEDDAH, Saudi Arabia Jan 12 Saudi Hollandi Bank
, Saudi Arabia's fourth-largest listed bank, said on
Saturday its fourth quarter net profit rose 35.6 percent
compared to the same period last year due higher operating
The lender said in a statement posted on the Saudi bourse's
website it made 313.4 million riyals ($83.6 million) in the last
three months of 2012 compared to 231.2 million in the last
quarter of 2011.
Saudi banks have enjoyed successive years of expansionary
government budgets, ample liquidity and improving corporate loan
Operating profit for the fourth-quarter grew by 9.2 percent
to 550 million riyals, Saudi Hollandi said, and income from
special commissions increased by 10.5 percent to 345.1 million.
Saudi Hollandi's loans and advances portfolio climbed 20
percent to 45.3 billion riyals.
(Reporting by Asma Alsharif; editing by Sami Aboudi)