Dubai-Mubasher: Al Salam Bank – Bahrain recorded a 15% increase in profits of Q1-16 as compared to the same quarter in 2015, the bank said in a recent statement.
Al Salam’s net profits reached BHD 4.5 million ($11.86 million) in Q1-16, compared to BHD 3.91 million ($10.31 million) in Q1-15.
Al Salam Bank’s provisions grew 94% to BHD 2.361 million in Q1-16, from BHD 1.21 million in the same quarter of 2015.
