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Bahrain s Ithmaar Bank swings to $4.2m Q1 net profit
MANAMA, 4 days ago Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a net profit of BD1.6 million ($4.2 million) for the first three months, compared to a net loss of BD5.68 million ($14.9 million) for the same period last year. Its total assets surged to hit BD3.31 billion ($8.7 billion), up 7 per cent over BD3.09 billion as of December 31, 2020. Announcing the results for the three-month period ended March 31, Ithmaar Bank said its net profit attributable to equity holders stood at BD0.15 million compared to BD6.71 million net loss attributable to equity holders for the same period last year.
Bahrain s Ithmaar Bank swings to $4.2m Q1 net profit
MANAMA, 13 days ago Ithmaar Bank, a Bahrain-based Islamic retail bank, has reported a net profit of BD1.6 million ($4.2 million) for the first three months, compared to a net loss of BD5.68 million ($14.9 million) for the same period last year. Its total assets surged to hit BD3.31 billion ($8.7 billion), up 7 per cent over BD3.09 billion as of December 31, 2020. Announcing the results for the three-month period ended March 31, Ithmaar Bank said its net profit attributable to equity holders stood at BD0.15 million compared to BD6.71 million net loss attributable to equity holders for the same period last year.
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