Friday , March 31 2023

Bahrain's unified bank grew by 14 percent in 9 months


Bahrain: The seven regional retail banks are listed on the Bahrain Stock Exchange. In the nine months ended September 30, the company had a net profit of $ 873 million. It was 14 per cent in the same month last year.
Wahid Al Qassim, CEO of Bahrain Banking Association, said: "The financial results play a role in the performance of the banking sector in Bahrain and the development of the national economy.
The banking sector in the Bahrain Kingdom, with the support of the Bahrain Central Bank of India, has been ranked second in GDP after the oil sector as a result of discreet policies.
Bahrain's non-oil GDP grew at 8.2 percent in the second quarter of the current financial year, he said.
Al Qaisiq said the bank's economic activity and individuals in the individual market will be in the range of $ 7.1 billion to $ 7.24 billion since the beginning of the year.
At the end of September, retail bank assets stood at $ 5.85 billion. In December of 2017, it was up 1%.

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