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FinancialNews
06-11-18
Bahrain Islamic Bank net profit jumps 26.2 percent
(MENAFN) Bahrain Islamic Bank (BisB) recorded a 26.2 percent jump in its net profit from January to September 2018, reaching USD18.2 million.
BisB also registered a boost to stand at 6.54 fils in its profits per share during the first nine months of this year, from the 5.18 fils posted in 2017 during the same period.
"In the nine months ended this year, the bank recorded a net operating profit of BD12.6 million compared to BD13 million for the same period last year, a decrease of 2.7 per cent," stated the bank's chairman Dr Esam Abdullah Fakhro.
"In addition, the bank recorded a total operating income of BD31.3 million compared to BD32.6 million for the same period last year, a decrease of 3.9 per cent," the chairman of the bank noted.
"Compared to the end of last year, Islamic finance grew by 2.3 per cent, saving accounts increased by 3.3 per cent and placements with financial institutions increased by 11.7 per cent. Also, total assets decreased by 0.9 per cent from BD1.23 billion to BD1.22 billion," Fakhro added.
MENAFN0611201800450000ID1097664645
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