Al Salam Bank reports net profit of BD8m for nine months

Al Salam Bank reports net profit of BD8m for nine months

Manama: Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 972,000 for the third quarter ended 30 September 2020, compared to BD 4.9 million (US$ 13 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