Against a backdrop of continuing economic challenges in Bahrain and the region, BBK continued to record strong performance as we completed the third year of our 2016-2018 strategic cycle, largely achieving our goals. We maintained our record of year-on-year profit growth, the Bank’s equity surpassed BD 500 million for the second consecutive year, and better management of assets produced improved yields.
I take this opportunity to extend our appreciation to His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, and His Highness Sheikh Sabah Al Ahmad Al Sabah, the Amir of the State of Kuwait. I also extend thanks to their respective governments and regulatory authorities for their guidance during the year.
I thank the Board of Directors and all stakeholders for their support during 2018. As we enter our 2019-2021 strategic cycle, we can look forward to drawing on their wisdom and experience as invaluable support to realising our vision for growth.