Ithmaar Bank reports profits and increased revenues from core business
MANAMA, BAHRAIN – 16 August 2014 – Ithmaar Bank, a Bahrain-based Islamic retail bank, announced today a net profit of US$1.77 million for the first half of 2014, as compared to the net loss of US$7.52 million reported for the same period last year. Net loss for the three month period ended 30 June 2014 amounted to US$0.34 million, as compared to net loss of US$8.95 million reported for the three month period ended 30 June 2013.