Al Salam Bank has posted net profits attributable to shareholders of BD10.28 million ($27.26 million) in Q2 of 2023, a robust increase of 47% on Q2 2022, while the H1 profit jumped 52% to $54.52 million.
Al Salam Bank has announced the acquisition of a majority stake in Al Salam Bank Algeria (ASBA), increasing its shareholding from 37.43% to 53.13%, following the purchase of shares from various shareholders.