SHB plans six new branches by end-2014

June 9, 2014 12:05 pm

Saudi Hollandi Bank, which is about 40%-owned by ABN Amro Holding, has said it expects to boost hiring in the kingdom as it opens more branches, Bloomberg has reported. The country’s eighth-biggest bank by assets is working to grow revenue more than costs this year and focused on boosting the trade, treasury and investment banking businesses, said the lender’s managing director, Bernd van Linder. “Over the last year and a half we were able to open eight branches around the kingdom,” van Linder said. “We hope to be able to open five to six branches before the end of the year.”