Browse related articlesIIB net income jumps 56%
Bahrain: Wednesday, March 12 - 2008 at 12:40
Bahrain-based International Investment Bank has announced that its net income rose $21.1m last year, up 56.3% from the $13.5m it earned in 2006, reported Gulf Daily News. IIB's chairman Saeed Abdul Jalil Mohammad Al Fahim said the numbers reflect the continued growth of IIB's business and its ability to effectively develop and offer a diverse range of attractive investment opportunities. Total income increased by 39.4% to $34.3m from $24.6m, mainly from investment banking fees that increased by 33.3% to $22.8m from $17.1m in 2006, generated from the structuring, underwriting and the placement of new investments.
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Jeff Florian, Senior ReporterWednesday, March 12 - 2008 at 12:40 UAE local time (GMT+4)
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