Ithmaar Bank announces 1st quarter profits, continues customer focused growth

bank ithmaar customer focused growth
Bahrain

Ithmaar Bank announces 1st quarter profits, continues customer focused growth

Ithmaar Bank B.S.C. a Bahrain-based Islamic retail bank, reported a profit for the three-month period ended 31 March 2021, and said it continues to focus on further enhancing its customers’ Islamic banking experience. The announcement, by Ithmaar Bank Chairman His Royal Highness Prince Amr Al Faisal, follows the review and approval of the Board of Directors of the Bank’s consolidated financial results for the period. Ithmaar Bank’s financial results show a net profit attributable to equity holders for the three-month period ended 31 March 2021 of BD0.15 million compared to the BD6.71 million net loss attributable to equity holders for the same period last year. Overall, the Bank’s results show a net profit for the three-month period ended 31 March 2021 of BD1.55million compared to the net loss of BD5.68 million for the same period in 2020. “On behalf of the Ithmaar Bank Board of Directors, I am pleased to report that, despite the continuing economic challenges imposed by the ongoing global pandemic, the Bank has started the current year on a positive note, reporting profits for the Quarter and continuing to improve its customer offerings,” said HRH Prince Amr. “This further reinforces our confidence that the Bank is on

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