Arab Today, arab today nbb recorded net profit of bd 1483m
Last Updated : GMT 19:41:51
Arab Today, arab today
Arab Today, arab today

NBB recorded net profit of BD 14.83m

Arab Today, arab today

Arab Today, arab today NBB recorded net profit of BD 14.83m

Manama - BNA

The National Bank of Bahrain (NBB) declared that it had recorded a Net Profit of BD 14.83 million (US$ 39.44 million) for the first quarter of 2013 compared to BD 14.11 million (US$ 37.53 million) for the corresponding period of the previous year, an increase of 5.1 %.The financial results were approved at the Board meeting held on 9th April 2013 chaired by the Bank’s Chairman Mr. Farouk Yusuf Khalil Al-Moayyed. Expressing his satisfaction on the results achieved by the Bank, Mr. Al-Moayyed reiterated the Bank’s commitment to contribute to the economic development of the Kingdom and appreciated the efforts of the Bank’s executive management team and the employees for their dedication.Commenting on the Bank’s performance and future outlook, Mr. Abdul-Razzak Abdullah Hassan Al-Qassim, Chief Executive Officer & Director said, “The steady growth in profitability is a result of the Bank’s constant endeavor to realign its business strategies by leveraging on our core strengths while meeting customer expectations. We hope the overall economic conditions both in Bahrain and the region improves in the coming quarters and the Bank is well position to capitalize on emerging opportunities to further enhance our leadership position.”The Net Interest Income for the three months period in 2013 was BD 14.21 million (US$ 37.79 million) compared to BD 15.92 million (US$ 42.34 million) for the corresponding period of the previous year, the decrease largely on account of lack of quality lending opportunities and reduced returns on surplus liquidity due to low short term interest rates. Other income for the three months period in 2013 was BD 9.04 million (US$ 24.04 million) compared to BD 9.16 (US$ 24.36 million) for the corresponding period of the previous year with the growth in income from normal business activities off-set by lower dividend on the Bank’s equity investments.Operating expenses continue to be closely managed which decreased from BD 7.23 million (US$ 19.23 million) for the three months period in 2012 to BD 7.00 million (US$ 18.62 million) for the three months period in 2013. As a matter of prudence, the Bank took a voluntary general loan loss provision of BD 1.00 million (US$ 2.66 million) during the current year to further strengthen the overall financial position.The Bank continues to make steady progress with the Total Earning Assets (comprising of Treasury bills, Bank placements, Loans & Advances and Investment securities) as at 31 Mar 2013 at BD 2,481.57 million (US$ 6,599.92 million) compared to BD 2,321.48 million (US$ 6,174.15 million) as at 31 Mar 2012. Customer Deposits as at 31 Mar 2013 stood at BD 2,074.69 million (US$ 5,517.79 million) compared to BD 1,920.99 million (US$ 5,109.02 million) as at 31 Mar 2012, an increase of 8.0%.The Earnings per share for the three months of 2013 was 15.8 fils compared to 15.0 fils for the corresponding period of 2012

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nbb recorded net profit of bd 1483m Arab Today, arab today nbb recorded net profit of bd 1483m

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday