Al Salam Bank Bahrain's net profit down 72%

Al Salam Bank Bahrain, the Islamic bank incorporated in Bahrain, has posted a net profit of BD1.261million (Dh12.289m) for the quarter ending September 30, (down 72.33 per cent) from BD4.560m (Dh44.427m) in the same period last year, according to the interim condensed consolidated financial statement as of September 30, posted on Dubai Financial Market website.

The year-to-date net profit (for nine months ending September 30) stood at BD6.638m (Dh64.672m), down 56.34 per cent from BD15.206m (Dh148.140m) in the same period of 2009.

The total assets of the bank stood at BD84.5203m (Dh823.413m) while total liabilities stood at BD62.619m (Dh610m) for the period ending September 30, according to the statement.