Mubasher: The financials of Bank of Bahrain and Kuwait (BBK) showed a growth of 1.6% in net profits for the fourth quarter to reach BHD 13 million ($34.23 million) as compared to BHD 12.8 million ($33.7 million) in Q4-14, according to a statement.
During the fiscal year of 2015, the bank reported BHD 53.2 million profits, compared to BHD 50.1 million in FY14, a rise of 6.2%.
Earnings per share reached 50 fils in FY15, up from 47 fils in FY14.
Despite the difficult market conditions caused by the slowdown in local and regional economies, the bank’s assets quality maintained its improvement with the non-performing loans ratio declining to 4.44% at end of December 2015 from 4.65% by the end of December 2014 as the bank intensified its remedial and collection efforts, noted the statement.
