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) […]
Bahrain’s Solidarity reports 13% increase in net profit
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has announced a net profit attributed to shareholders’ fund of BD875,000 for the first quarter of 2022 against a net profit of BD773,000 for the corresponding previous period, representing 13 per cent increase. The earning per share has also increased to 6.77 fils for the quarter compared […]
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 […]
Gulf Hotels Group swings to $5.57mln net profit
Gulf Hotels Group (GHG) has achieved net profit of BD2.123 million during the first quarter of 2022 compared to a loss of BD207,119 in the first quarter of the previous year, with an increase of BD2.330m. Earnings per share were 9 fils compared to a loss of 1 fils in the first quarter of last […]
Bahrain’s GFH Financial Q1 net profit rises 18%
Bahrain-based GFH Financial Group has reported net profit of $19.11 million for Q1 2022, up more than 18 percent from $16.12 million reported in the first quarter of 2021. The group, which has businesses including wealth management, real estate, commercial banking and asset management, said in a statement that earnings per share for Q1 were […]
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 […]
Zain Bahrain Q1 net profit up 3%, revenue soars $56mln
Zain Bahrain, a telecommunications industry innovator in the kingdom, has registered a 3% growth in its net profit for the first three months of the year, while its revenue for the period surged to BD17.2 million ($56.2 milion), up 4% from last year’s figure of BD16.507 million ($54 million). Announcing the results for the three […]
Bahrain’s GFH launches new loyalty programme for top shareholders
GFH, a leading regional financial group with interests in asset management and real estate, has announced a new shareholder loyalty programme “Prime”, which provides rewards and incentives for its loyal shareholders. The new GFH Prime provides shareholders with exclusive benefits based on four tiers, including Member, Silver, Gold, and Platinum. Benefits include up to 2% […]
GFH’s shareholders approve $60mln dividends
The ordinary general meeting (OGM) of GFH Financial Group has agreed on a dividend distribution of $60 million for 2021. The dividends include cash profits for all ordinary shares of 4.57% of the nominal value, equivalent to $45 million, according to a press release on Sunday. Meanwhile, the company will distribute bonus shares of 1.5%, […]
