NBB net profits rise 33.9% in Q1 2018 to BD 19.74 million (US$ 52.50 million).

May 2, 2018

 

Manama: - National Bank of Bahrain (NBB) today announced strong financial results for the first quarter of 2018 reporting an 33.9% rise in Net Profit to BD 19.74 million (US$ 52.50 million) compared to BD 14.74 million (US$ 39.20 million) for the corresponding period of 2017.  Strengthened performance during the quarter was supported by higher net interest income linked to growth in loans and advances coupled with better asset liability management resulting in a strong improvement in the net interest margin. Provisions were also sig