Saudi Hollandi Bank Q1 net profit up 29.3 pct, beats estimates

April 15, 2015 12:59 PM

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DUBAI, April 15 (Reuters) - Saudi Hollandi Bank, the kingdom's oldest lender, posted a 29.3 percent jump in first-quarter net profit on the back of higher operating income, it said on Wednesday, beating analysts' expectations.

The lender said it made 538.9 million riyals ($143.7 million) in the three months to March 31, compared to 417 million riyals in the corresponding quarter of 2014, according to a bourse filing.

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