Feb 04 2012 |
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Bahrain Islamic Bank's 4Q Loss Narrows To BHD20.8M Vs Yr Ago
Saturday, Feb 04, 2012
(This story was originally published Thursday.)
BEIRUT (Zawya Dow Jones)-- Bahrain Islamic Bank , or BisB , an affiliate of Kuwait's Investment Dar Co., Thursday said its loss amounted to 20.8 million Bahraini dinars ($55.2 million) in the fourth quarter of 2011.
The bank had posted a loss of about BHD29.8 million in the corresponding quarter of 2010, according to Zawya Dow Jones calculations.
Full-year loss also narrowed falling to BHD17.35 million from BHD39.71 million in the preceding year, according to the statement.
In a separate statement, BisB said its board has proposed that no cash dividends or bonus shares be distributed for the financial year 2011.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
04-02-12 0715GMT
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