Bahrain’s GFH reports nearly 87% surge in 2021 net profit – The National

Bahrain’s GFH reports nearly 87% surge in 2021 net profit – The National

GFH Financial Group, an investment bank based in Bahrain, reported an 86.77 per cent surge in its 2021 profit as the company’s business units performed strongly despite Covid-19 headwinds.

Net profit attributable to the shareholders of the bank for the full year climbed to $84.22 million, the company said on Wednesday, reflecting “stronger contributions throughout the year from all business lines including investment banking, commercial banking, real estate and treasury activities".

“Despite the ongoing impact of the Covid-19 pandemic around the world, we were able to improve income, strengthen profitability and once again deliver a healthy dividend for our shareholders,” Jassim Alseddiqi, chairman of GFH said.