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Gulf International posts 9.8% rise in Q1 earnings

May 6, 2014 9:33 am


Bahrain-headquartered Gulf International Bank (GIB) has said its consolidated net income after tax for the first quarter of this year grew by 9.8% to $29.1m, compared with the same period last year, Gulf Daily News has reported. Total income climbed 4.7% year-on-year to $67.1m with increases recorded in all income categories with the exception of foreign exchange and trading income, said the lender. Net interest income at $38.6m for the three months was $3.3m, or 9.3% up on the prior year period, GIB said.

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