Ithmaar Bank continues its focus on customer-centric growth

Ithmaar Bank continues its focus on customer-centric growth

Ithmaar Bank B.S.C. (closed), a Bahrain-based Islamic retail bank, announced its financial results for the nine-month period ended 30 September 2020 with continued focus on customer-centric growth. 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 nine-month period ended 30 September 2020. Ithmaar Bank's financial results show a net loss attributable to equity holders for the nine-month period ended 30 September 2020 of BD4.18 million compared to the net profit of BD2.67 million reported for same period in 2019. The loss is mainly due to prudent impairment provisions as a result of the economic impact of the Covid-19 pandemic. The Bank's financial results show a net loss