BLME First Half 2010 Financial Results

Bank of London and The Middle East, the London based wholesale, Sharia'a compliant bank, today reported a healthy return to profitability for the first half of 2010.
BLME's results were spurred by the:
* strong performance by the Markets division, particularly the management of the Bank's investment portfolio and capital;
* continued top quartile performance of the US Dollar Income Fund;
* cash recoveries from assets that were subject to credit impairment provisions in 2009; and
* strengthening of the Corporate Banking team, resulting in a steady acceleration in earnings and improved contributions from the three financing areas: Property, Leasing and Trade Finance.