19 Mar 2017
(MENAFN) The Abu Dhabi headquartered provider of credit and finance solutions to businesses across the UAE, Reem Finance PJSC, announced its net profit for the financial year 2016 which were at Dh55.5m, followed a loss of Dh8.6m the previous year.
The company stated that its return to profitability was achieved through a strategic focus on specialized corporate and trade finance lending, as the company’s gross loans and advances increased to Dh276m, 46% higher than the previous year.
Additionally, the company’s performance in 2016 was driven by significant recoveries from non-performing loans (NPLs) which despite a challenging market.
Moreover, it had delivered a 13% return on equity to its shareholders in 2016.
MENAFN1903201700450000ID1095327110
MENAFN1903201700450000ID1095327110
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more