Al Salam Bahrain posts 20pc profit
Manama, February 2, 2014
Al Salam Bank Bahrain posted a net profit of BD12.4 million ($32.4 million) for last year, up 20 per cent over the previous year.
The net profit for the quarter ended December 31, 2013, was BD3.2 million, as compared to BD4.2 million for the same period in 2012.
The bank achieved a growth of 15 per cent in total assets from BD942.2 million in 2012 to BD1,088.2 million at December 31.
Customer deposits also increased from BD624.1 million to BD680.7 million in the same period, increasing nine per cent over 2012.
The board has resolved to recommend a cash dividend of five fils per share, which will be place for approval by the shareholders in the annual general meeting on March 3. - TradeArabia News Service