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Al Salam Bank-Bahrain Q1 net profit surges 144%


Al Salam Bank-Bahrain Q1 net profit surges 144%
MANAMA, 2 days
ago
Al Salam Bank-Bahrain has reported net profit attributable to shareholders of BD6.1 million ($16.15million) in the first quarter of 2021 compared to BD2.5 million ($6.7million) in the first quarter of 2020, reflecting an increase of 144%.
The increase in net profit was attributable to higher growth within the bank’s core activities, Al Salam said in a statement.
Correspondingly, earnings per share stood at 2.6 fils in the first quarter compared to 1.1 fils for the same period in 2020, reflecting an increase of 136%.  Total operating income for the quarter stood at BD28 million ($74.3 million) – a 17% increase from BD23.9 million ($63.4 million) recorded in Q1 2020. ....

Rafik Nayed , Al Salam , Mustahil Al Mashani , Al Salam Bank , Tradearabia News Service , Loyalty Rewards Scheme , Salam Bank , Group Chief Executive Officer , Tradearabia News , அல் சலாம் , அல் சலாம் வங்கி , விசுவாசம் வெகுமதிகள் திட்டம் , சலாம் வங்கி , குழு தலைமை நிர்வாகி அதிகாரி ,