Bahrain: profits $ 873 million for nine months


The seven local sales banks in Bahrain are listed on paying Bahrain on a net profit of $ 873 million in the first nine months of 2018, a strong increase of 14 per cent over the same period last year , the Bahrain Banking Association said.
Bahrain-Al-Ayyam newspaper on its website today said that Wahid Al-Qasim, the Head of the Bahrain Banking Bank, certifies that these financial results are in place; proof of sound and the development of the banking department in Bahrain and play an important part in the & supporting and improving the national economy. Despite economic challenges.
"These results appear to be so important that the banking department in Bahrain is the second division that adds to the GDP after the oil, with government support and responsible policies at Central Bank of Bahrain.
It indicated that the financial department contributed to the other sectors without oil, especially construction and manufacturing in the growth of non-oil GDP regions in Bahrain with 8.2 per cent in the second quarter of the year.
The monthly bank release issued by Central Bank of Bahrain showed that the total resources banks have provided for economic activity and individuals in the local market have become strong since the beginning of the year with $ 1.5 billion, or 7 per cent, to $ 24.6 billion At the end of September.
85.5 billion dinars had a banking property property at the end of September, a 1 per cent increase compared to December 2017.

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