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NBB posts $106.4m profit in 6M

NBB posts $106.4m profit in 6M
The bank’s operating profit grew 17.3% in H1
NBB
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Mubasher: The National Bank of Bahrain (NBB) has reported an 8.7% year-on-year profit increase during the first six months of 2019, recording BHD 40 million ($106.4 million).

The bank’s operating profit grew 17.3% to BHD 44.7 million in H1-19 versus BHD 38.1 million a year earlier, according to a bank statement.

Net profit increased by 14.6% to BHD 19.6 million in the second quarter of 2019, compared to BHD 17.1 million in Q2-18.

Moreover, NBB’s operating profit levelled up 17.2% to BHD 21.1 million in Q2-19, against BHD 18 million the year before.