National Bank of Bahrain posts 2000 net profit of $44 million
The National Bank of Bahrain (NBB) said Wednesday, January 24, it posted a net profit of $44 million in 2000, up slightly from $42.4 million a year earlier. The bank said that profit rose "despite the fluctuations in international financial markets," attributing the gain to an improvement in revenues.
A statement from the bank, quoting board member Hassan Ali Jumaa, said assets rose to $275 million in 2000 from $262 million a year earlier. The NBB, Bahrain's principal bank, was created in 1957.—(AFP)
© Agence France Presse 2000
© 2001 Mena Report (www.menareport.com)