BBK 9-month net up 25pc to $66.4m.Byline: Manama BBK BBK Bundesamt für Bevölkerungsschutz und Katastrophenhilfe (German) BBK Bilbao Bizkaia Kutxa (Bank of Bilbao, Spain) BBK Bank of Bahrain and Kuwait BBK BB King (blues artist) has reported a net profit of BD25.04 million ($66.42 million) for the first nine months of this year. It was 25 per cent higher than the profit of BD20.08 million the bank achieved during the same period last year. 'Though we have prudently provided against some impaired assets Impaired Asset An asset with a market value that is worth less than its book value. Notes: If the sum of all estimated future cash flows is less than the carrying value of the asset, then the asset would be considered impaired and would have to be written down to its fair during the quarter, we reported 25 per cent growth compared to last year,' chairman Murad Ali Murad said. 'The bank's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. strategy and business policies, coupled with prudent risk management, have helped to deliver the reported growth. 'The additional provisions made during this quarter, reflects the bank's conservative approach in providing for non performing assets Non Performing Asset Any asset that is not effectively producing income. Notes: For example, an overdue loan would be considered non-performing. See also: Asset, Charge Off, Non-Performing Loan promptly.' The growth in net profit is attributed to lower provisioning requirement by 58 per cent compared to the same period last year. Core business of the bank has consistently been growing. It is reflected in growth of its net interest income by 13 per cent, and growth of fees and commission income from BD16.1 million to BD16.4 million compared to the same period last year. 'Despite the tough and unprecedented circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or prevailing in the market, the bank was able to maintain a good level of profits throughout the year, and we expect to end the year with much better performance as well,' chief executive Abdul Karim This article is about the servant to Queen Victoria known as the Munshi. For other individuals of the same name, see Abdul Karim (disambiguation). Hafiz Abdul Karim CIE (1863?-1909), better known as "the Munshi" (variously translated as "teacher" or "clerk" in Hindi), was an Bucheery said. Reported profits for the third quarter were BD2.7 million, against a loss of BD4 million in the same period of last year. The profit included BD9.2 million against BD16.8 million last year of provisions which were provided as a matter of prudence against certain impaired assets. Interest income also rose by 31 per cent compared to the third quarter last year. The bank's comprehensive income rose significantly from negative BD0.7 million as of September last year to BD27.1 million as of September this year mainly due, beside higher net profits, to upward movement in mark-to-market pricing for investment securities as the market showed a clear trend of stability and investment prices moved higher. On the bank balance sheet, the loans and advances portfolio declined by 4.3 per cent, mainly due to orderly orderly /or·der·ly/ (or´der-le) an attendant in a hospital who works under the direction of a nurse. or·der·ly n. An attendant in a hospital. maturity of some commercial loans, particularly in the international portfolio. On the other hand and not withstanding the general squeeze in the liquidity situation across all markets, the customer deposits portfolio has grown by 5 per cent from BD1,127 million to BD1,179 million compared to the same period of last year. The capital adequacy ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. of the bank continues to be higher than 18 per cent, well above the regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. .- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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