Ithmaar Bank sustains consistent growth patterns, investment in digital infrastructure continues

Source24×7 News
SectorFinancial Services

MANAMA: Ithmaar Bank B.S.C. (Closed), a Bahrain-based Islamic retail bank, announced its financial results for the six-month period ended 30 June 2020. 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. Ithmaar Bank’s financial results show a net loss attributable to equity holders for the six-month period ended 30 June 2020 of BD2.03 million, a 196 percent decrease compared to the net profit of BD2.11 million reported for same period in 2019. The loss is mainly due to the economic more...