For the year ended 31 December 2013, Al Salam Bank, Bahrain (ASBB) posted a net profit of BD12.4 million, an increase of 20% over BD10.3 million achieved in 2012.
For the quarter ended 31 December 2013, the net profit was BD3.2 million as compared to BD4.2 million for the same period in 2012.
The Bank achieved a significant growth of 15% in total assets from BD942.2 million at 31 December 2012 to BD1,088.2 million at 31 December 2013. Customer deposits also increased from BD624.1 million to BD680.7 million in the same period reflecting a 9% increase over 2012.
The Board of Directors in their meeting held on 30 January 2014 resolved to recommend a cash dividend of 5 fils per share. This recommendation would be placed for approval by the shareholders in the annual general meeting which is scheduled on 3 March 2014..
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