NBB reports 34% jump in Q2 net profit
In a statement, NBB said that the increase in net profit is mainly due to strong business fundamentals reflected through higher net interest income attributable to higher loan volumes across all the group’s key segments and higher other income from the treasury and capital markets activities. The 2022 results have also benefitted from lower […]
Gulf International Bank issues inaugural sustainability report
Gulf International Bank (GIB) has published its first groupwide Sustainability Report which shows its commitment to sustainable growth and performance against environmental, social and governance indicators. The Report provides an overview of GIB’s strategic approach to sustainability and the Bank’s direct activities and initiatives and discloses them in accordance with the Global Reporting Initiative (GRI) […]
National Bank of Bahrain announces 24% increase in net profit
National Bank of Bahrain (NBB) has reported an increase of 24 per cent in its net profit attributable to equity shareholders to BD19.4 million for the first quarter of 2022, compared to BD15.6m in the same period of 2021. The increase in net profit was predominantly attributable to higher interest income from loans and lower […]
Bahrain-based Bank ABC Q1 net profit rises 3% to $31mln
based Bank ABC (Arab Banking Corporation) has posted a $31 million Q1 net profit attributable to the shareholders of the parent company, which is 3% higher on the $30 million of the same period last year. With cost of risk returning to pre-pandemic levels, it suggests a better economic outlook and the resilience of the […]
Bahrain’s SIO announces 6% retroactive pension rise deposited
Social Insurance Organisation (SIO) CEO Eman Mustafa Al Murbati announced that a six per cent retroactive pension increase of retirees from January 2021 to April 2022 have been deposited in their accounts, as per the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister. The directives align with […]
NBB offers exclusive auto insurance rates with Bahrain National Insurance
The National Bank of Bahrain (NBB) has partnered with Bahrain National Insurance (bni) to offer exclusive discounted premium rates on motor and electric vehicle insurance as part of the bank’s auto loan product. NBB announced that benefits include seamless processing of applications, availing auto financing without transferring salaries with zero-down payments, as well as special […]
