Fourth-quarter earnings posted by two Saudi lenders were below forecasts, due to a slowdown in lending growth and higher provisions, Reuters has reported. The first quarterly loss for Saudi Hollandi Bank amounted to SR439.4m ($117m) for the three months to end-December, while Saudi Fransi, 31.1% owned by French bank Credit Agricole has said its fourth-quarter net profit fell 43.3% after it booked provisions to support its finances.
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