Al Salam Bank announces BD 8 Million net profit for nine months 2020

SectorFinancial Services

Al Salam Bank-Bahrain (Al Salam Bank) reported a net profit attributable to shareholders of BD 972 thousands (US$ 2.6 million) for the third quarter ended 30 September 2020, compared to BD 4.9 million (US$ 13.0 million) in the same period of 2019, reflecting a decrease of 80.2%.  Earnings per share for the third quarter decreased by 80% to 0.4 fils (US$ 0.01 cents), compared to 2 fils (US$ 0.5 cents) in the same period of 2019. For the nine months ended 30 September 2020, the Bank reported BD 8 million (US$ 21.4 million) net profit attributable to shareholders. This represents a 54% decrease compared to the BD 17.2 million (US$ 45.7 million) net profit reported in the same period in 2019. Earnings per share during the nine months more...