Saturday 25 April 2015
 
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Arab Bank Group posts net profit of $217.2m

Arab Bank Group has reported net profit after tax and provisions of $217.2 million for the first quarter as against $216.3 million in the previous year. Loans and advances increased by three per cent to $23.7 billion, compared wit

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ADCB posts $339m net profit for Q1, up 13pc

Abu Dhabi Commercial Bank (ADCB) has posted a net profit of Dh1.24 billion ($339.9 million) for the first quarter of the year, an increase of 13 per cent as compared to the same period last year. The banks operating incomes totall

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Mashreq's gains surge 13pc as income increases

Mashreq, Dubai's third-biggest bank by assets, has posted a 13.2 per cent rise in first-quarter net profit as an increase in income from lending helped to offset a slight dip in returns from fees. It is the second bank in the

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BBK's net profit rises 6pc to $39m

Bank of Bahrain and Kuwait (BBK) has reported six per cent rise in net profit at BD14.9 million ($39.52 million) for the first quarter of this year, compared with BD14 million in the same period last year. Earnings per share for t

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Air Seychelles posts $3.2m net profit

Air Seychelles has posted its third consecutive year of profit with net profit amounting to $3.2 million last year, exceeding the previous year profit of $3 million. The results reflected continued improvement in the airline&rsquo

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BCFC net profit surges 11pc to $38m

Bahrain Commercial Facilities Company (BCFC) has reported 11 per cent increase in net profit at BD14.5 million ($38.5 million) for last year when compared with BD13.1 million for 2013. Profit for the fourth quarter last year was B

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Khaleeji Commercial posts net profit of $7.9m

Khaleeji Commercial Bank (KHCB), an Islamic retail bank, has reported a net profit of BD3 million ($7.95 million) for last year as against a net loss of BD19.2 million reported in 2013. For the last quarter of the year, the bank&#

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Al Baraka’s Egypt unit posts 41pc income rise

Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), has posted a 41 per cent increase in net income for the first nine months of the year to $24 million. The total assets also increased by 15 per cen

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Gulf Finance House net profit surges to $15.6m

Bahrain-based Islamic investment bank Gulf Finance House (GFH) has reported a net profit of $15.6 million for the first nine months of this year, compared with $1 million in the corresponding period last year. Total income was $12

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JIB registers net profit of $46.8m in Q3

Jordan Islamic Bank (JIB), a subsidiary banking unit of Al Baraka Banking Group, registered net profits after tax of $46.83 million and before tax of $66.43 million in the third quarter of this year. JIB chairman and ABG president

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