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National Bank of Bahrain reports 34% jump in Q2 net profit to $53mln

National Bank of Bahrain (NBB) has reported a 34% increase in its net profit attributable to equity shareholders to BD20 million ($53.1 million) for the second quarter ended June 30, 2022, compared to BD14.9 million in the same period of 2021. The increase in net profit is mainly due to strong business fundamentals reflected through higher net interest income attributable to higher loan volumes across all the group’s key segments and higher other income from the treasury and capital markets activities, NBB said. The 2022 results have also benefitted from lower provisioning requirements than in the previous period.

Link: https://www.zawya.com/en/business/banking-and-insurance/national-bank-of-bahrain-reports-34-jump-in-q2-net-profit-to-53mln-mqlk6t9k

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