Sunday 22, January 2012 by Robin Amlôt

National Bank of Bahrain net profits up 6.1 per cent for 2011

National Bank of Bahrain (NBB) achieved a net profit of BHD 45.64 million ($121.38 million) in 2011, compared to a net profit of BHD 43.02 million ($114.41 million) recorded in 2010, an increase of 6.1 per cent. For the fourth quarter of 2011, the bank recorded a net profit of BHD 9.69 million ($25.77 million), despite setting aside BHD 1.50 million towards loan loss provision and BHD 2.30 million towards voluntary impairment on equity investments, compared to BHD 8.99 million ($23.91 million) for the corresponding period of the previous year, an increase of 7.8 per cent

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