Bahrain – Mubasher: Al Salam Bank – Bahrain has reported a 4.4% decline in it profits for the first three months of 2015, reaching BHD 4.093 million, down from BHD 3.914 million during the same period in 2014.

The bank, which is listed in Bahrain and Dubai, previously reported an annual net profit of $42 million for 2014 (BHD 15.82 million) compared to $32.8 million (BHD 12.37 million) in 2013, a leap of 27.88%.

The bank’s shareholders approved on 24 February a 5% cash dividend amounting to 5 fils per share and totalling BHD 10.7 million.