Mubasher: United Gulf Bank’s (UGB) losses retreated 25% year-on-year to BHD 292,000 ($769,000) in the third quarter of 2016 from BHD 391,000 ($1.03 million).
The bank turned to profits in the first nine months of 2016, according to a bourse filing on Thursday.
The Bahrain-listed bank posted $6,000 profits in the nine-month period of 2016 against $813,000 losses in the year-ago period.
