Mubasher: Bahrain Islamic Bank’s (BisB) net profit fell by 3.7% in the fourth quarter of 2015 to BHD 2.6 million ($6.9 million) compared to BHD 2.7 million ($7.17 million) the same period in 2014 according to the financial statements.
BisB’s net profit rose to BHD11.2 million during 2015 compared to BHD 9.3 million in 2014, with a growth 20.4%.
The banks’s board of directors proposed the distribution of bonus shares at 4% of capital or 4 shares for every owned 100 shares.
Financial statements for the first nine months of 2015 previously revealed a 30.3% rise in net profit to BHD8.6 million ($22.5 million), compared to BHD6.6 million for the same period of 2014.
