3 August 2008
Manama, Bahrain (3 August 2008) – BMB Investment Bank (“BMB” or the “Bank”) announced today its 2008 semi annual results with a net income of US $4.2 million as compared to US $12.8 million in the corresponding prior year period.
Second quarter total income from operations came in at US $2.2 million; however it was offset by operating expenses resulting in a net loss of US $0.3 million as compared to a profit of US $11.8 million for the second quarter of 2007, due to a substantial reduction in investment realisations.
