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MANAMA - Bank of Bahrain & Kuwait (BBK) reported a net profit of BD 17.5 million ($46.3 million) for the second quarter of 2025, an 8% increase from BD 16.2 million in the same period last year, according to a press release statement.
The bank’s earnings per share rose to 10 fils compared to 9 fils in the corresponding quarter of 2024, reflecting growth of 8.2%. Total (EPA:TTEF) comprehensive income attributable to owners increased by 73.2% to BD 16.8 million, primarily due to higher market values of investment securities.
The improved quarterly performance was driven by a BD 0.2 million profit from associates and joint ventures, compared to a BD 1.1 million loss in Q2 2024. Net fees and commission income grew by 9.3% to BD 4.7 million, while net provisions and credit losses decreased significantly by 57.6% to BD 2.5 million.
For the first half of 2025, BBK posted a net profit of BD 38.6 million, up 5.8% from BD 36.5 million in the same period last year. The bank’s total assets grew by 2.5% to BD 4,295.4 million as of June 30, 2025, compared to BD 4,192.6 million at the end of 2024.
Net loans and advances increased by 14.1% to BD 2,046.6 million, while the investment securities portfolio expanded by 20.5% to BD 1,131.6 million. Customer deposits declined by 3% to BD 2,340.0 million.
The bank’s board has approved an interim cash dividend of 12.5 fils per share, subject to regulatory approvals.
BBK also announced that the Central Bank of Bahrain has approved the transfer of HSBC Bank Middle East’s Bahrain retail banking operations to BBK, with completion expected by the fourth quarter of 2025.
Additionally, the bank secured a $500 million three-year club loan facility that includes a sustainability-linked option to support its strategic initiatives and business expansion.
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