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National Bank of Bahrain unveils profit
- Bahrain: Thursday, July 09 - 2009 at 10:24
National Bank of Bahrain (NBB) has reported a net profit of BD25.6m ($68.1m) for H1 2009, compared to BD25.57m ($68m) for the same period of 2008. NBB's net interest income increased from BD22.7m ($60.37m) for H1 2008 to BD25.14m ($66.86m) for the same period in 2009. The lender has also said that income from syndications and mutual fund business had declined on account of slow down in market activities, while operating expenses increased marginally from $33.38m for H1 2008 to $33.75m for H1 2009, largely due to expanding business requirements.
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StaffThursday, July 09 - 2009 at 10:24 UAE local time (GMT+4)
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This article was updated on Tue Jul 14 2009.
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