Saudi Hollandi Bank Q4 net profit rises 33 pct, beats forecasts

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DUBAI, Jan 11 (Reuters) - Saudi Hollandi Bank, Saudi Arabia's oldest lender, beats analyst expectations after posting a 33 percent rise in fourth-quarter net profit on the back of a rise in operating income. The lender, partly-owned by Royal Bank of Scotland, said in a bourse filing it made 461.9 million riyals ($123.1 million) in the three months to December 31, compared to 347.3 million riyals in the corresponding quarter of 2013. Analysts surveyed by Reuters had forecast it would post, on average, a net profit of 433.03 million riyals. ...

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