Ithmaar Bank announces the registration of profits for 2024

Ithmaar Bank announced. (Closed), the Islamic Retail Bank, which is based in Bahrain, is based on the registration of profits for the year ending December 31, 2024.

This was stated by the Chairman of the Board of Directors of the Ithmaar Bank, His Royal Highness Prince Amr Al -Faisal, following the review and approval of the Board of Directors on the unified financial results of the bank.

The Ithmaar Bank recorded a net profit for the bank’s shareholders for the year ending December 31, 2024 amounted to 10.14 million Bahraini dinars, meaning 156.3 % compared to a net profit of 3.96 million Bahraini dinars in 2023. The total profit for the year ended on December 31, 2024 was It amounted to 18.80 million Bahraini dinars, compared to a net profit of 12.22 million Bahraini dinars in the same period in 2023. This is due to the rise in basic income during the year.

Despite the challenges of the difficult market conditions, the Ithmaar Bank recorded an increase in the net profit for the bank’s shareholders amounted to 1.13 million Bahraini dinars to reach 1.22 million Bahraini dinars for the three -month period ending on December 31, 2024, compared to a net profit of 0.085 million Bahraini dinars recorded in the same period. From 2023. The total net profit for the three -month period ended on December 31, 2024 was 1.63 million Bahraini dinars, compared to a net profit of 2.10 million Bahraini dinars in the same period in 2023.

His Highness Prince Amr Al -Faisal said: “With the authenticity of myself and on behalf of the Board of Directors of the Ithmaar Bank, it is good for me to announce the continuation of the bank’s profits during the year as the bank is working to achieve more growth by focusing on providing its products and services exclusively to meet the financing and investment needs of projects Small and medium, in addition to companies and institutions. This is also due to the bank’s continued efforts and focus to achieve more growth in basic banking business in Bahrain and Pakistan, as well as work to enhance the value of strategic investments.

For his part, the CEO of the Ithmaar Bank, Mr. Maysan Al -Muscati, said that the financial results show that the bank’s efforts to continue achieving growth for its basic banking work and enhancing the experience of its companies from companies to provide a distinct Islamic banking experience that pays its fruits.

Mr. Al -Musati added: “The results show that the net income of the group is one of the operational operations before calculating the allocations for the decrease The bank’s growth continues to increase the total property rights to 50.54 million Bahraini dinars as on December 31, 2024, i.e. increased by 26.1 percent from 40.08 million Bahraini dinars as on December 31, 2023 ”.