BMB Investment Bank first quarter income at US $1.0 million – Capital increases by 16%

20 May 2007

Manama, Bahrain (20 May 2007) – BMB Investment Bank (“BMB”) announced today its first quarter results for 2007 with a net income of US $1.0 million as compared to US $2.5 million in the first quarter of 2006.

Income from investments continues to play a major part in the Bank’s profitability, coming in at US $3.1 million for the first quarter. While this figure is lower than last year (2006 Q1: US $5.1 million), the Bank’s investment portfolio remains strong and continues to perform well.

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