Bahraini Saudi Bank (BSB) posted a net profit of BD4.05 million ($11 million) last year, a 30 per cent increase from its 2006 figures.

Customers deposit increased by 15 per cent, loans by 48 per cent and investments by 60 per cent, said a report in our sister paper Akhbar Al Khaleej.

The bank's assets jumped to BD230 million. BSB announced a cash dividend of 5 per cent of authorised capital of BD2.5 million.

Board chairman Fahad Al Athel said during the annual general assembly that the bank's strategy was based on diversified income, through providing quality products and services.-TradeArabia News Service