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Bahrain’s NBB profits up 6% in Q3

Bahrain’s NBB profits up 6% in Q3
Q3-16 Profits reached to BHD 14.5 million - (Photo Archive)
NBB
NBB
1.49% 0.55 0.01

Mubasher: National Bank of Bahrain reported a 5.8% growth in net profits in the third quarter of 2016, according to the bank’s statement to the Bahrain Bourse on Wednesday.

Profits increased to BHD 14.5 million ($38.2 million) compared to BHD 13.7 million ($36.1 million) in Q3-15.

The Bank also recorded a 6.6% rise in net profits to BHD 46.21 million ($122.9 million) in the nine months ended 30 September 2016 compared to BHD 43.36 million ($115.32 million) for the corresponding period of the previous year.