Mubasher: Khaleeji Commercial Bank, listed on Bahrain Bourse (BHB) and the Dubai Financial Market (DFM), incurred losses of BHD 14.93 million in the fiscal year 2019, against a profit worth BHD 658,760 in 2018.

The bank registered a loss per share (LPS) of 15.86 fils last year, against earnings per share (EPS) worth 0.69 fils in 2018, according to a bourse statement on Monday.

The turn to loss is attributed to higher total expenses by 14.21% on an annual basis at BHD 14.19 million last year when compared to BHD 12.42 million.

It is worthy to note that during the January to September period in 2019, the bank’s losses attributed to shareholders of the parent company reached BHD 5.21 million, including minority shareholders’ rights, versus a profit of BHD 1.74 million in the same period in 2018.