The National Bank of Bahrain announced its financial results to the Bahrain Bourse (BB) for the fiscal year (FY) ending December 31, 2014, reporting a rise in net profit by 4% to BHD 53.44 million ($142.12 million) against BHD 51.36 million ($136.60 million) during the corresponding period of 2013.


The Bank’s profit grew to reach BHD 11.28 million during the fourth quarter of 2014, compared to BHD 11.27 million during the same period of 2013.
Financials for the Bahrain-listed bank showed a rise in the earnings per share (EPS) from 54.6 fils in 2013 to 56.8 fils in 2014.


Other operating income grew 19.3 % to BHD 29.63 million as a result of an increase in business volumes, higher dividend on the Bank’s investments besides increased contribution from the Bank’s associates. 


Operating expenses increased by 6.3% to reach BHD 29.19 million. The rise is attributed to the Bank’s contribution in the Deposit Protection Fund effective 2014 as mandated by the Central Bank of Bahrain.


Photo Credit: Arabianeye-Reuters