Manama, Aug. 22 (BNA): Al Baraka Islamic Bank announced its financial results for the second quarter of 2025, recording a net profit after tax of BHD 0.1 million, compared to a net loss of BHD 1.5 million in Q2 2024. Net loss attributable to shareholders was reduced to BHD 0.1 million, compared to BHD 2.0 million in the same period last year, supported by higher operating income and improved cost efficiency.

For the first half of 2025, the bank achieved a net profit before tax of BD 1.6 million, compared to a loss of BD 0.8 million in H1 2024. Net loss attributable to shareholders declined to BHD 1.0 million, compared to BHD 4.2 million last year, driven by stronger revenues and improved asset quality.

The bank’s financial position grew, with total assets rising 6% to BHD 1.028 billion, customer deposits increasing 6.5% to BHD 903 million, investments reaching BHD 392 million, and financing assets growing to BHD 451 million.

The bank attributed this improvement to stronger financing and investment returns, better asset quality, customer base expansion, and progress in digital transformation initiatives.

Chairperson Sabah Khalil Al Moayyed said the results reflect the strength of the bank’s strategy and vision, adding that it will continue supporting national development initiatives aligned with Bahrain’s Economic Vision 2030.

Chief Executive Officer Adel Abdulla Salem noted the improvements across performance indicators, supported by more efficient operations, a focus on Islamic banking product development, and digital transformation, emphasising the bank’s position as a leading Islamic bank in Bahrain and the region.

M.A.