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Bank of Bahrain and Kuwait (BBK) with slightly higher half-year profit

The Bahrain All-Share Index slipped 0.12% to 1,112.60 points. Islamic investment bank Ithmaar weighed on the gauge, closing off 3.70% at $0.13. Shares of Bank of Bahrain and Kuwait closed even. Earlier in the day, the lender reported a net profit of BD23.3m for the 1st half of 2012 compared to BD23.1m for the same period of last year. BBK added in a statement to the Manama-based bourse that "BBK's balance sheet has witnessed a rapid growth of 13.2% to stand at BD2,903m, compared to BD2,564m reported in June 2011. The balance sheet growth compared to last year was driven by 14% growth in loans and advances to retail and corporate customers, increasing total loans to BD1,460m."