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BBK posts $34.8m in quarterly profit
- Bahrain: Wednesday, April 24 - 2013 at 03:56
The Bank of Bahrain and Kuwait (BBK) has said its net profit for the first quarter of this year stood at BD13.1m ($34.75m), up 9% from the BD12m reported for the same period last year, Gulf Daily News has reported. The increase was mainly fuelled by the growth in net interest income, foreign exchange and investment income, BBK said. The lender's balance sheet registered a growth of 14.3% from BD2.8bn as of March 31 last year, compared with BD3.2bn as of March 31 this year, mainly driven by 8.8% improvement in net loans and advances portfolio to BD1.54bn, and a 10.3% growth in non-trading investment securities portfolio to BD718m, it said.
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