Country's largest lender Ahli United Bank says it made net profit of $146m in three months to June 30
Ahli United Bank (AUB), Bahrain's largest lender, posted a 11.7 percent increase in its second-quarter net attributable profit on Wednesday.
The bank's net attributable profit for the three months to June 30 was $146.6 million, compared with $131.2 million in the corresponding period of 2015, it said in a statement.
SICO Bahrain and Arqaam Capital had forecast the bank would make a profit in the period of $145.1 million and $129 million respectively.
One of the drivers of profit growth was a rise in net interest income to $206.2 million, from $200.9 million in the same period on 2015. Fees and commissions also rose to $59.8 million, compared to $45.7 million in the year earlier period.