BMB posts 1% rise in Q3 profits

Mubasher: Bahrain’s Middle East Bank’s (BMB) net profit for the third quarter of fiscal 2016 rose by 1.11% to BHD 1.82 ($691,000), versus BHD 1.8 million ($683,000) for Q3-15.

Net profit for the first nine months of 2016 reached BHD 4.6 million, 8.2% down from BHD 5.01 million for the same period of 2015, according to a bourse filing.

The bank earlier reported a net profit of BHD 1.33 million for Q2-16, falling 26.5% compared to BHD 1.81 million for Q2-15.

Mubasher Contribution Time: 03-Nov-2016 12:49 (GMT)
Mubasher Last Update Time: 03-Nov-2016 12:49 (GMT)