Al Salam Bank Bahrain income drops 52 per cent

Al Salam Bank Bahrain has reported total comprehensive income for 2014 down 52 per cent at BHD 16.68 million. The bank showed a 79.6 per cent increase in total assets to BHD 1.96 billion while liabilities rose 95 per cent to BHD 1.6 billion. Income from financing contracts was up from BHD 26.1 million to AED 51.5 million while total operating income was up 76 per cent to BHD 46 million. However, earnings per share slipped from 8.3 to 8 fils. Al Salam Bank Bahrain reported a jump in operating expenses from BHD 11.4 million to BHD 26.4 million.