Bahrain-based Futurebank achieved a 30 per cent increase in net profit in the first quarter of the year to BD3.43 million ($9.1 million), up from BD2.63 million in the same period last year.
The bank's total assets stood at BD561.7 mil
Bahrain-based Futurebank saw profit soar more than 10 per cent last year.
The bank yesterday posted a net profit of BD9.1 million ($24 million) for the year compared with BD8.2 million in 2009.
The bank also announced that net prof
Bahrain-based Futurebank welcomed on board Gholam Souri as its new chief executive officer.
With more than 20 years of experience in the banking industry and a strong background in Islamic banking, Souri hopes to take the bank forward whil
Bahrain-based Futurebank saw its first half net profit increase 8.2 per cent to BD5.17 million ($13.71 million) in spite of a weaker second quarter.
Second quarter net profit was BD2.53 million, down 12 per cent from BD2.96 million for the
Bahrain-based Futurebank posted a net profit of BD2.6 million ($6.9 million) in the first quarter of this year, a 45.8 per cent increase over BD1.8 million profit for the same period last year.
'Futurebank has had a great beginning to
Bahrain-based Futurebank shareholders unanimously approved a dividend of BD13.1 million ($34.7 million) at its annual general meeting.
The bank has also announced an increase of 32.6 per cent in the authorised share capital and a 32.6 per
Bahrain-based Futurebank has announced a net profit of BD8.2 million ($21.8 million) for last year, compared to BD10.7 million in the previous year.
The bank also reported that net profit for the fourth quarter was BD900,000.
Bahrain-based Futurebank has announced a net profit of BD2.52 million ($6.69 million) for the third quarter as compared to BD2.72 million during the same period lastyear.
The bank also announced that its total profit for the year (nine
Bahrain-based Futurebank has announced a net profit of BD4.78 million ($12.68 million) for the first half of this year. This marks a 19.9 per cent decrease in profits over the same period last year of BD5.97 million.
However, profits in th
Bahrain-based Futurebank plans to develop Futurebank Tower in the Seef District, which, upon completion will serve as the bank's global headquarters.
The tower, a 19-storey commercial development, will have a gross floor built-up area