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

30 Oct 2025

BBK (trading code BBK) announces its financial results for the period ended 30^th 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 30^th 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 30^th 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.

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 (31^st 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 (31^st December 2024: BD 167.9 million); Net loans and advances increased by 12.4% to BD 2,017.2 million (31^st December 2024: BD 1,794.1 million); while investment securities portfolio recorded a growth of 25.3% to BD 1,176.6 million (31^st 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 (31^st December 2024: BD 687.7 million). Treasury bills declined by 15.9% to reach BD 335.9 million (31^st December 2024: BD 399.2 million). However, Customer deposits recorded a growth of 5.1% to stand at BD 2,534.1 million (31^st 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 (31^st 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.