Al Salam Bank net profits up 27percent to BD17.2m
Manama, Nov. 7 -- Al Salam Bank-Bahrain reported strong performance in the third quarter of 2019, with net profit attributable to shareholders increasing by 19%, from BD 4.1 million (US$ 10.9 million) in Q3 2018 to BD 4.9 million (USD 13.0 million) in Q3 2019. Earnings per share remained constant in third quarter of 2019 at 2 Fils, in comparison to the same period of 2018. The Bank's operating income (before finance expenses and share of investment accountholders) for the third quarter grew by a significant 32% to BD 22.5 million (US$59.6 million) compared to BD 17.0 million (US$45.1 million) during the same period last year. Total operating income for the third quarter recorded strong growth of 25%, jumping to BD 12.7 million (US$33.7 mi...
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