BMB Enters New Era: Reports Profit of USD1.7million for First Quarter 2010

12 مايو 2010

Manama, Bahrain (12 May 2010) – Bahrain Middle East Bank today announced its first quarter results for the period ended 31st March 2010 and key reporting features are as follows: – Net Profits for the period amounted to US$1.7 million (Q1-2009: losses of US$ 5.7 million) – Fair value reserves stand at USD 7.7 million versus loss of USD 7.9 million in the corresponding period last year. – Operating expenses reduced by 50% relative to the same period last year – Capital adequacy continues to remain sound at 16%.