Bahrain Development Bank records a remarkable growth of 21% in net profits for the last quarter of 2024

The Bahrain Development Bank (BDB), the leading bank in supporting small and medium enterprises in the Kingdom of Bahrain, announced its financial results for the last quarter of 2024, recording a noticeable increase in net profits by 21% from 537,000 Bahraini dinars in 2023 to 650,000 Bahraini dinars in a year 2024, which reflects the success of its strategies in supporting the sector of small and medium enterprises and enhancing economic growth in the Kingdom.

The Bahrain Development Bank recorded an increase in the income of Islamic financing and profits, amounting to 089.9 million Bahraini dinars in 2024 compared to 8.397 million Bahraini dinars in 2023, or 18%. Rental revenues witnessed a growth of 8% from 630,000 Bahraini dinars in 2023 to 683,000 Bahraini dinars in 2004. The total operating income increased by 7% to 49.65 million Bahraini dinars in 2024 compared to 9.022 million Bahraini dinars, which reflects the continuous improvement In the bank’s financial performance.

Commenting on these results, Dalal Al -Ghais, CEO of Bahrain Development Bank, said: “We are happy to achieve a 21% increase in net profits, which reflects our continuous commitment to enhancing financial sustainability and providing innovative financing solutions that support small and medium enterprises. These results would not have been achieved Were it not for the wise directives of the Board of Directors and the continuous dedication to the members of the Bahrain Bank Development Team, who played a role A pivotal in achieving this outstanding growth.

For more information, please visit the Bahrain Development Bank website or call 17511111.