Business
GFH Bank Q1 Profit $35.11 Mln
GFH Bank Q1 Profit $35.11 Mln
About this update from Gfh Bank B.s.c.
GFH Bank BSC BAHRAIN:GFH:NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF US$35.11 MILLION IN Q1Q1 SAW IMPACT OF REGIONAL DEVELOPMENTS AND HEIGHTENED MARKET UNCERTAINTYQTRLY TOTAL INCOME US150.99 MNREGIONAL DEVELOPMENTS AFFECTED PERFORMANCE ACROSS SEVERAL CORE BUSINESS LINES IN Q1QUARTER SAW CREDIT FINANCING CONTRIBUTED US$39.97 MILLION AS A STEADY RECURRING INCOME STREAMREGIONAL DEVELOPMENTS AFFECTED INVESTMENT ACTIVITY, TRANSACTION EXECUTION AND TIMING OF INCOME RECOGNITION IN Q1QUARTER SAW TREASURY PROPRIETARY INCOME REMAINED AN IMPORTANT CONTRIBUTORDESPITE EFFECTS SUCH CIRCUMSTANCES HAVE HAD ACROSS SECTORS, BANK CONTINUED TO GENERATE SOLID INCOME AND PROFITABILITYQ1 SAW SOLID CONTRIBUTIONS FROM BANK’S CORE BUSINESS LINES