Fri, 09 September 2022
Khaleeji Commercial Bank B.S.C recently announced its financial results for the second quarter ended June 30, 2022 reporting a Net Profit Attributable to the Bank’s Shareholders of BHD 3.362 million, compared to BHD3.901 million for the same period of the previous year, with a decrease of 13.82 percent. Earnings per share amounted to 0.45 fils, compared to 1.12 fils for the same period last year. Total Income before Return to Investment Account Holders for the second quarter of 2022 amounted to BHD13.208 million, compared to BHD15.611 million reported in the same period of the previous year, with a decrease of 15.39 percent.
As for the biannual financial results for the period ended June 30, 2022 KHCB reported a Net Profit Attributable to the Bank’s Shareholders of BHD6.810 million, compared to BHD6.007 in the first half of last year, with an increase of 13.37 percent, while Earnings per share for the period ended June 30, 2022 amounted to 4.74 fils, compared to 3.74 fils for the first half of the previous year. Total Income before Return to Investment Account Holders for the period ended June 30, 2022 amounted to BHD26.911 million, compared to BHD28.439 million reported in the first half of last year.
Chief Executive Officer of KHCB, Sattam Sulaiman Algosaibi, said: “KHCB has launched a number of initiatives that significantly contributed to the stability of our financial performance and growth of the bank’s profit. This includes the introduction of a range of innovative products on the level of saving, deposits, and financing for our individual and corporate clients, in addition to our expansion into advanced digital banking services, in line with the latest financial technologies.”