Manama, Feb. 18 -- National Bank of Bahrain (NBB) has reported a 44 % decrease in its net profit attributable to equity shareholders to BHD 10.2 million (USD 27.1 million) for the fourth quarter ended 31 December 2020, compared to BHD 18.2 million (USD 48.3 million) in the same period of 2019. The decrease in net profit was predominantly attributable to the worldwide COVID-19 pandemic resulting in higher precautionary provisioning requirements.
Basic and diluted earnings per share for the fourth quarter decreased by 45.5% to 6 fils (USD 2 cent) compared with 11 fils (USD 3 cents) in the same period of 2019.
Total comprehensive income attributable to NBB's equity shareholders for the quarter increased by 16.4% to BHD 31.9 million (USD 84.6...