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National Bank of Bahrain (NBB) has reported a 8.8% increase in its net profit attributable to shareholders to BD14.9 million ($39.5 million) for the second quarter, compared to BD13.7 million ($36.3 million) in the same period of 2020. ....
National Bank of Bahrain s Q1 net profit soars to $41m MANAMA, 8 hours, 24 minutes ago National Bank of Bahrain (NBB) has reported a 1.3% increase in its net profit attributable to equity shareholders to BD15.6 million ($41.4 million) for the three months ended 31 March 2021, compared to BD15.4 million ($40.8 million) last year.
The increase in net profit is predominantly due to lower provisioning levels this year, as 2020 included precautionary provisioning requirements attributable to the worldwide Covid-19 pandemic.
Furthermore, 2021 results underscore the strong group fundamentals given the significant market changes that have occurred subsequent to the first quarter of the previous year.
Basic and diluted earnings per share at 8 fils ($2 cents) for the first quarter remained at the same level of the same period of 2020. ....