6 August 2006
Manama, Bahrain (6 August 2006) – BMB Investment Bank (“BMB”) announced today its semi annual results for 2006 with an operating income for the first six months of the year of US $8.5 million. After accounting for taxes and other items, net income for the first six months stood at US $3.8 million.
Total shareholder equity increased by 23% from US $27.2 million at the end of 2005 to US $33.6 million at the end of June 2006. This continued growth in capital is due to sustained profitability as well as an increase in the fair value of the Bank’s assets, resulting in an increase in capital adequacy ratio to 15.37%.
