Bahrain’s BMI posts 577% surge in full-2013 income

February 16, 2014 3:08 am

Bahrain-based BMI Bank has posted a 577% surge in full-2013 net profit to $8.8m, compared with $1.3m recorded in the previous year. Fourth-quarter net income also soared to $6.5m from $300,000 during the same period in 2012. Total assets at the end of 2013 stood at $1.9bn, the lender said.