Ithmaar Bank posts $1.87mln net loss for 9 months

Ithmaar Bank posts $1.87mln net loss for 9 months

Net loss for the three-month period ended 30 September 2020 was BD0.92 million, compared to a net profit of BD1.19 million reported for the same period in 2019.The bank's financial results show a net loss attributable to equity holders for the three-month period ended 30 September 2020 of BD2.15 million compared to a net profit of BD0.56 million for the same period in 2019.The bank's financial results show a net loss attributable to equity holders for the three-month period ended 30 September 2020 of BD2.15 million compared to a net profit of BD0.56 million for the same period in 2019.Prince Amr Al Faisal, Chairman of Ithmaar Bank, said: “On behalf of the Ithmaar Bank Board of Directors, I am pleased to report that, despite the unprecedented challenges of the global