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Al Salam Bank posts $12m profit in Q3

  • Bahrain: Monday, October 19 - 2009 at 09:44

Bahrain-based Al Salam Bank has said its third quarter net profit declined by 35% to BD4.6m ($12.1m), compared to BD7.4m for the same period last year, Gulf Daily News has reported. Net profit for the nine-month period stood at BD15.2m ($40.3m), compared to BD22.7m ($60.1m) for the corresponding period last year. The total assets at the end of three quarters had climbed by 22% to reach BD667m ($1,768m) from BD554m ($1,469m) at the end of last year.

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