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BMI reports fifth consecutive net income
- Bahrain: Thursday, October 25 - 2012 at 03:32
Bahraini lender BMI Bank has reported its fifth consecutive quarterly profit, as it showed signs of its strength in the kingdom, Gulf Daily News has reported. Net profit reached $1m for the first nine months ended September 30, compared with a net loss after provisions of $10.3m recorded over the corresponding period in 2011. Operating profit, pre-provision, during this period grew significantly to $4.4m compared with $1.6m reported in 2011. Total assets stood at $1.8bn, up 20% compared with the $1.5bn recorded at the end of September 2011.
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