BBK discloses its financial results for the period ended 30th September 2025

TDT | Manama

Email: mail@newsofbahrain.com

BBK (trading code BBK) announces its financial results for the period ended 30th September 2025, including the third quarter of 2025.

For the third quarter of 2025:

The Bank achieved a net profit attributable to the owners of the Bank of BD 17.9 million compared to BD 16.5 million in the same period last year, a growth of 8.5%. The basic and diluted earnings per share amounted to 10 fils compared to 9 fils achieved during the corresponding period last year, reflecting a growth of 8.7%.

The total comprehensive income attributable to the owners of the Bank grew to BD 44.5 million during the current period compared to BD 20.7 million during the third quarter of last year, representing an increase of 115.0%. The increase is mainly due to the positive movement in the valuation of investment securities and higher profits.

The increase in net profit was mainly attributable to the growth in net fees and commission income by 6.1% from BD 4.9 million to BD 5.2 million, while net provisions declined by 72.6% at BD 2.0 million compared to BD 7.3 million for the same period of last year. In addition, the Bank share from associates and joint ventures recorded a profit of BD 0.3 million compared to a loss of BD 0.1 million during the third quarter of 2024.. On the other hand, investment and other income decreased by 25.4% from BD 5.9 million to BD 4.4 million, whilst net interest income recorded lower by 3.9% at BD 29.5 million compared to BD 30.7 million. Total operating expenses increased by 9.7% from BD 17.6 million to BD 19.3 million, mainly due to the implementation of strategic initiatives and investments in human capital.

For the nine months ended 30th September 2025:

The Bank achieved a net profit attributable to the owners of the Bank of BD 56.5 million compared to BD 53.0 million in the same period last year, recording a growth of 6.6%. The basic and diluted earnings per share increased by 6.8% at 31 fils for the current period compared to 29 fils during the same period of last year.

The total comprehensive income attributable to the owners of the Bank for the nine months period ended 30th September 2025 grew by 32.9% at BD 76.7 million compared to BD 57.7 million during the corresponding period of last year, mainly due to positive mark-to-market of investment securities and the higher profit for the period.

The increase in net profit mainly stems from the growth in net fees and commission income by 8.1% from BD 13.5 million to BD 14.6 million, and the growth in investment and other income by 3.9% from BD 15.5 million to BD 16.1 million. Moreover, net provision reported lower by 54.4% at BD 7.7 million compared to BD 16.9 million during the same period last year, as a result of active credit risk and distressed exposures account management, and higher recoveries. The share of profit from associates and joint ventures recorded a profit of BD 0.9 million during the nine-months period ended 30 September 2025, compared to a share of loss of BD 2.2 million during the same period last year. Conversely, the Bank’s net interest income was lower by 6.8% at BD 88.2 million from BD 94.6 million, as a result of market interest rate movement. Furthermore, total operating expenses increased by 7.4% from BD 51.2 million to BD 55.0 million, mainly due to strategic initiatives implementation and investments in human capital.

Balance Sheet Strength and Growth

The total shareholders’ equity attributable to the owners of the Bank stood at BD 631.9 million as of end of September 2025, recording a growth of 1.8% over BD 620.8 million as of year-end 2024. The increase was mainly driven by the positive movement in mark-to-market of investment portfolio.

Total assets as of end of September 2025 stood at BD 4,596.9 million (31st December 2024: BD 4,192.6 million), registering a growth of 9.6%. Deposits and amounts due from banks and other financial institutions increased by 57.1% to stand at BD 263.7 million (31st December 2024: BD 167.9 million); Net loans and advances increased by 12.4% to BD 2,017.2 million (31st December 2024: BD 1,794.1 million); while investment securities portfolio recorded a growth of 25.3% to BD 1,176.6 million (31st December 2024: BD 939.4 million). On the other hand, Cash and balances with central banks was lower by 12.6%, to stand at BD 601.1 million (31st December 2024: BD 687.7 million). Treasury bills declined by 15.9% to reach BD 335.9 million (31st December 2024: BD 399.2 million). However, Customer deposits recorded a growth of 5.1% to stand at BD 2,534.1 million (31st December 2024: BD 2,411.3 million), as a result of enhanced customer engagement strategic initiatives and the Bank’s continued focus on expanding its banking footprint. Term borrowings increased by 32.3% to stand at BD 405.4 million (31st December 2024: BD 306.5 million), as the bank was able in successfully closing of US$500 million, 3-year Club Loan Facility, to support the Bank’s strategic business expansion plans, and to refinance the matured facilities.

Board of Directors’ Commentary

The Board of Directors commented on the Bank’s results, stating, “BBK’s continued growth trajectory as a testament to the successful execution of our strategic priorities and dynamic business model. The increase in net profit, growth in customer deposits and expansion of the loan portfolio are clear indicators of the bank’s ability to navigate evolving market conditions. We remain committed to deliver long term values to our stakeholders, through business expansion, continued investment in digital transformation, customer experience and strategic investments, which shall pave the way for growth and diversification. We extend our gratitude to our shareholders for their unwavering support, to our loyal customers for their trust, and to our dedicated management team and employees who makes this journey a remarkable success.”

Strategic Initiatives and Future Outlook

BBK’s Group Chief Executive, Mr. Yaser Alsharifi, added, “We are proud to share BBK’s financial performance for the period, marked by growth in net profit and across key segments. Beyond financial milestones, our commitment to societal impact stands out through strategic collaborations, such as supporting Youth City 2023, which commits in building national capacity and promoting a culture of leadership and innovation among youth. Meanwhile, other initiatives such as ‘Grow’ for Bahraini graduates showcase our commitment to community development and talent cultivation.”

“The Central Bank of Bahrain (CBB) has approved the transfer of HSBC Bank Middle East, Bahrain Branch’s retail (consumer) banking operation to BBK and we have identified the transfer completion to take place by the fourth quarter of 2025. We are thrilled to welcome HSBC Bahrain’s retail customers and employees to the BBK family and commit to a seamless integration”.

“While we remain mindful of the evolving economic landscape, we are optimistic about the opportunities ahead. We are confident in our strategy and our ability to continue creating longterm value for our stakeholders”. The full set financial statements and the press release are available on Bahrain Bourse’s website.