BMI Bank Bahrain-based BMI Bank (BMI), an associate of BankMuscat the largest financial services provider in Oman, announced a net profit of $2.49 million (BD940,000) for the three months ended September 30, an increase of eight per cent as compared to the $2.31 million reported over the corresponding period last year.
Net interest income for the period was $10.59 million (BD3.99 million). The net loss for the nine month period was $12.29 million (BD4.63 million)
Futurebank
Bahrain-based Futurebank has announced a net profit of BD2.52 million for the quarter ended September 30 as compared to BD2.72 million during the third quarter of the corresponding period last year. The bank also announced that its total profit for the year (nine months) currently stood at BD7.3 million.
Total assets stood at BD535.67 million, an increase of 4.7 per cent as compared to the same period last year (BD511.64 million).
Dr Valiollah Seif, CEO and managing director, pictured right, said, "I am pleased to announce that Futurebank is well on its way to nearly equal last year's phenomenal success. Our cautious approach to investments has us in a better position to capitalise on the improving economy. We have had an excellent half-year and an equally good third quarter and do not anticipate any hindrances in the fourth quarter 2009."
Ahli United Bank
Ahli United Bank reported a net profit of $183.7 million (BD69.27 million) for the nine month period ended September 30, compared to $280.1 million (BD105.62 million) for the same period in 2008.
The net profit for the third quarter was $40.1 million (BD15.12 million).
The group was able to maintain core banking earnings through tight asset liability management and robust cost control measures.
