Register | Forgot password?
Switch to Arabic
Friday, December 4 - 2009
Page navigation Browse related articles

IIB reports net H1 loss

  • Bahrain: Wednesday, August 26 - 2009 at 13:01

Bahrain-based International Investment Bank has reported a net loss of $1.4m for the first half of 2009, compared to a net profit of $11.3m for the same period last year. Total H1 income was $3.8m, while Capital Adequacy Ratio was 66%, IIB said. The bank said the loss was down to a reduction in investment banking transactions and lower profit rates applicable to bank placements, because the bank has slowed down its investment activities, due to the current market situation.

Also consider reading:
Page navigation Browse related articles

Disclaimer:

The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.

AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.

In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.