KHCB reports net profit of BD8.84 million attributable to shareholders in first 9 months of 2021

KHCB reports net profit of BD8.84 million attributable to shareholders in first 9 months of 2021

Khaleeji Commercial Bank (KHCB), one of the leading Islamic Banks in the Kingdom of Bahrain, has announced its third quarter financial results ended 30 September 2021, reporting a net profit of BD2.83 million attributable to the shareholders of the bank, compared to BD 2.07 million for the same period of the previous year an increase of 37.04%. The earnings per share reached 3.526 Fils, compared to 2.572 Fils for the same period of the previous year. The increase in the net profit is mainly attributed to the increase the Bank achieved in total income before return to investment account holders to reach BD12.71 million during the third quarter of this year, compared to BD11.50 million for the same period in 2020. Third quarter total income increased by 39.99% compared to the third quarter of 2020, from BD4.48 million to reach BD6.28 million. Profit before impairment allowances increased by 54.98% during the third quarter of this year to reach BD3.69 million, compared to BD2.38 million for the same period last year. As for the financial results for the first nine months of 2021, the Bank has reported a net profit of BD8.84 million attributable to the shareholders of the Bank, compared