BBK reports net profit of BD20.3m for Q1  

BBK reports net profit of BD20.3m for Q1  

Manama: Mahmood Rafique, Editor: BBK has reported a net profit attributable to the owners of the Bank of BD 20.3 million for the first quarter ended 31 March 2024 compared to BD20.1 million during the same period of last year, representing a growth of 1 per cent. The bank in a statement said the basic […]Manama: Mahmood Rafique, Editor: BBK has reported a net profit attributable to the owners of the Bank of BD 20.3 million for the first quarter ended 31 March 2024 compared to BD20.1 million during the same period of last year, representing a growth of 1 per cent.

The bank in a statement said the basic and diluted earnings per share amounted to 11 fils, on par with last year.

“Total comprehensive income attributable to the owners of the Bank for the three months ended 31 March 2024 amounted to BD 27.3 million, compared to BD 7.4 million for the same period of last year, a growth of 269 per cent reflecting the positive shift in investment securities market valuations.

“The good result is attributable to the better performance of associated companies and joint ventures, higher fees and investment income, as well as the lower net provision and lower