Al Salam Bank B.S.C. Reports Strong Financial Growth in Latest Report, Surpassing Previous Years
Al Salam Bank B.S.C. has released its latest financial report for the first half of 2025, showcasing significant growth in profitability and asset management. This article delves into the key performance indicators (KPIs) from the latest report and compares them with previous years to provide a comprehensive analysis for investors.
Summary
Al Salam Bank B.S.C. has demonstrated impressive financial growth in the first half of 2025, with notable increases in net profits, total assets, and shareholder equity. The bank's strategic initiatives and focus on core banking operations have contributed to these positive results. This article compares the latest financial report with previous years, highlighting key performance indicators and offering insights for investors.
Al Salam Bank B.S.C. Reports Strong Financial Growth in Latest Report
Al Salam Bank B.S.C. has released its financial report for the first half of 2025, revealing significant growth in key financial metrics. The bank reported net profits attributable to shareholders of BD 37.4 million (USD 99.1 million) for H1 2025, representing a 32.1% increase compared to BD 28.3 million (USD 75.0 million) for the same period in 2024. Earnings per share also saw an increase, reaching 11.1 fils (USD 29.5 cents) in H1 2025 compared to 9.3 fils (USD 24.7 cents) in H1 2024.
| KPI | H1 2025 | H1 2024 | Change |
|---|---|---|---|
| Net Profit (BD million) | 37.4 | 28.3 | 32.1% |
| Earnings per Share (fils) | 11.1 | 9.3 | 19.4% |
| Total Comprehensive Income (BD million) | 41.6 | 39.8 | 4.5% |
| Total Assets (BD billion) | 7.82 | 7.06 | 10.7% |
| Shareholders' Equity (BD million) | 402.5 | 360.5 | 11.6% |
The bank's total comprehensive income attributable to the owners of the bank stood at BD 41.6 million (USD 110.4 million) in H1 2025, marking a 4.5% increase from BD 39.8 million (USD 105.7 million) in H1 2024. Total assets grew by 10.7% to BD 7.82 billion (USD 20.74 billion), while total shareholders' equity increased by 11.6% to BD 402.5 million (USD 1.07 billion).
Al Salam Bank's strategic initiatives, including a focus on core banking operations and asset management, have contributed to these positive results. The bank's capital adequacy ratio remains strong at 25.2%, providing a solid foundation for sustainable growth.
The table below shows the change in key performance indicators over the years:
| KPI | 2025 | 2024 | Change |
|---|---|---|---|
| Net Profit (BD million) | 37.4 | 28.3 | 32.1% |
| Earnings per Share (fils) | 11.1 | 9.3 | 19.4% |
| Total Comprehensive Income (BD million) | 41.6 | 39.8 | 4.5% |
| Total Assets (BD billion) | 7.82 | 7.06 | 10.7% |
| Shareholders' Equity (BD million) | 402.5 | 360.5 | 11.6% |
In conclusion, Al Salam Bank's latest financial report highlights the bank's strong financial performance and strategic growth initiatives. The significant increases in net profit, total assets, and shareholders' equity indicate a positive outlook for the bank's future, making it an attractive option for investors. With a robust capital adequacy ratio and a focus on core banking operations, Al Salam Bank is well-positioned to continue its growth trajectory.
Source
Summary
The financial data for Al Salam Bank B.S.C. includes various types of financing and placements, both Sharia-compliant and non-Sharia-compliant. Key figures in Bahraini Dinar (BHD) thousands are as follows: Placements with financial institutions amount to 523,699 with Sharia income of 14,255. Murabaha financing totals 1,262,182 with Sharia income of 43,054. Mudaraba financing stands at 618,839 with Sharia income of 17,742. Finance lease assets are 1,598,678 with Sharia income of 49,283. Musharaka financing is 30,681 with Sharia income of 931. Salam financing is 304,742 with Sharia income of 9,020, and Istisna financing is 125,596 with Sharia income of 3,606. Credit card figures are 24,389 with no Sharia income. Placements from financial institutions and individuals amount to 148,490 with a negative Sharia income of 5,009. Customers' current accounts total 1,468,183, and Murabaha term financing is 960,000 with a negative Sharia income of 21,206. The equity of investment account holders is 4,302,316 with a negative Sharia income of 72,787. The balance sheet and income statement are as of 30 June 2025.
