Al Salam Bank-Bahrain net profit BHD 10.3 million, up from BHD 312,000

31/01/2013 11:12 AST

Bahrain-based Shari’ah compliant Al Salam Bank-Bahrain reports a massive jump in net profits for 2012 on total operating income up 81 per cent to BHD 23.062 million.

Gains on the sale of investments and Sukuk notably jumped from BHD 2.8 million to BHD 10.9 million and the bank booked a net gain on available-for-sale investments of BHD 1 million compared with a loss of BHD 5.3 million a year ago.

At the same time, the bank managed costs down more than one per cent to BHD 11.464 million from BHD 11.598 million. The bank’s total assets rose two per cent to BHD 942.218 million while total liabilities were up 1.3 per cent to BHD 715.877 million. Provisions rose from BHD 645,000 to BHD 2.1 million.


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