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Islamic Finance Briefing - Categorized | Banking, Performance more

Bahrain Islamic Bank net profit rises 25pc to $4 mln

Posted on 14 April 2011

Bahrain Islamic Bank (BisB) posted a net profit of BD1.5 million ($4m) in the first quarter of 2011. “The board has approved the consolidated financial results for the first quarter of 2011 in which BD1.5m has been achieved as net profit for the period, an increase of 25 per cent compared to the same period of last year when BD1.2m net profit was achieved,” chairman Khalid Abdulla Al Bassam said.
“The bank will continue building provisions for its finance and investment portfolios whenever the need arises and as such BD1m has been set aside for the current period,” he added. ………………………………………Full Article: Source

 
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