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National Bank of Bahrain convinces market with Q1 results

: Wednesday, April 16 - 2014 @ 18:49

The Bahrain All Share Index regained 0.30 per cent to reach 1,380.03 points on Wednesday, April 16. National Bank of Bahrain (NBB) advanced by 2.74 per cent to BD0.75. Earlier in the day, NBB said its net income in the first three months of this year rose by 12.1 per cent over the same period last year, amounting to BHD16.62 million ($44.20m). The net interest income for the three months period in 2014 was BHD15.57m ($ 41.41m) compared with BHD14.21m ($37.79m) for the corresponding period of the previous year, which is an increase of 9.6 per cent, resulting from a rise in earning assets and effective asset liability management.

Gérard Al-Fil

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Wednesday, April 16- 2014 @ 18:49 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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