Ithmaar Bank reports net profit attributable to equity holders of the bank of US$ 1.22 million for the First Quarter of 2016
MANAMA, BAHRAIN – 13 May 2016 – Ithmaar Bank, a Bahrain-based Islamic retail bank, reported today (ed note: 13/05/16) a net profit of US$4.83 million for the first quarter of 2016, compared to the US$7.62 million net profit reported for the same period last year. Net profit attributable to equity holders of the Bank for the first quarter of 2016 was US$1.22 million, which is lower by 54 percent compared to the US$2.64 million profit reported for the same period last year.