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Bahrain’s International Investment reports drop in full-year net income

: Saturday, May 31 - 2014 @ 00:48

Bahrain’s International Investment Bank (IIB) has posted a year-on-year drop in full-2013 net profit to $6m, compared with $8.2m recorded in the previous year, Gulf Daily News has reported. IIB’s operating profit for 2013 was $4.7m, down from $7.8m a year ago, largely due to non-recurring gains in 2012. Capital Adequacy Ratio continues to be strong in 2013 at 48.6%, which is four times the minimum 12% required by the Central Bank of Bahrain, said IIB.

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Saturday, May 31- 2014 @ 0:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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