Despite economic challenges: Bahrain’s commercial banks’ profits rose 8% in 9 months

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http://maltawinds.com/2017/11/26/despite-economic-challenges-bahrains-commercial-banks-profits-rose-8-9-months/

The total value of the seven domestic retail banks listed on the Bahrain Stock Exchange for the first nine months of 2017 was US $ 793 million compared to US $ 735 million during the same period in 2016, a remarkable improvement of 8% .

“The performance of the seven domestic retail banks listed on the Bahrain Stock Exchange has improved well in the first nine months of 2017 compared to the same period last year, The banking sector in Bahrain and its main role in supporting and developing the economy of  Bahrain.

Dr. Al Qassim, Chief Executive Officer, Bahrain Association of Banks, added that the financial results of these banks confirm once again the safety and quality of these banks, which has improved over the past years despite the surrounding economic conditions and the decline in oil prices. This reflects the solid financial conditions of these banks, especially liquidity, asset quality and capital adequacy. With an active and strong contribution to the financing of all sectors and economic activities in the country, in view of the increasing role of these banks in driving the economic growth in the country.

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