Profits up at NBB

20 October 2000
Banking And Finance

National Bank of Bahrain (NBB) has reported nine-month earnings of BD 13.6 million ($36 million), an 8 per cent improvement on the same period of last year.

The main driver of the improved performance was a strengthening of net interest income. The bank has focused on its core lending business in the corporate and retail markets. After a slow start to the year, in which loans and advances to non-banks declined, the third quarter has seen a turnaround with NBB's loan book expanding sharply. However, the growth in lending has not been matched by customer deposits, which declined by 7 per cent between the end of June and the end of September.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications