Bahrain-based BBK recorded a net profit attributable to the owners of BD15.28 million ($40.26 million) during the first quarter of 2016, an increase of 2.9 per cent compared to the same period last year.

The bank made a profit of BD14.85 million during Q1 2015.

The increase in net profit was fuelled by a 9.4 per cent rise in operating revenues to BD32.2 million, compared to BD29.5 million during the first quarter of last year. Net interest income increased by 14 per cent  to BD20.4 million from BD17.9 million.