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BBK reports 7% growth in Q1 profit

April 23, 2014 10:08 am

Bank of Bahrain and Kuwait (BBK) has posted a 7.1% increase in net profit for the three months ended March 31 to BD14m ($37.13m), compared with BD13.1m for the same period last year, Gulf Daily News has reported. Fee income generated from loans, credit cards, commercial services, and other services grew 12% to BD6.7m, while foreign exchange and investment income at the end of quarter stood at BD4.8m, said the lender. Operating expenses dropped 7.6% from BD12.4m as of March last year to BD11.4m, BBK said.