The Bank of Bahrain and Kuwait (trading symbol BBK) announced its financial results for the period ending on September 30, 2025, including the results of the third quarter of 2025.
Third quarter of 2025:
The bank achieved a net profit attributable to the bank’s shareholders amounting to 17.9 million Bahraini dinars, compared to 16.5 million Bahraini dinars in the same period last year, a growth of 8.5%. Basic and diluted earnings per share amounted to 10 fils, compared to 9 fils during the same period last year, reflecting a growth of 8.7%.
While the total comprehensive income attributable to the bank’s shareholders increased to 44.5 million Bahraini dinars during the current period compared to 20.7 million Bahraini dinars during the third quarter of last year, a growth of 115.0%. This growth is mainly due to the positive improvement in the valuation of investment securities and earnings growth for the period.
The increase in net profit was mainly due to an increase in net fee and commission income by 6.1% from 4.9 million Bahraini dinars to 5.2 million Bahraini dinars, while net provisions amounted to 2.0 million Bahraini dinars during the third quarter compared to 7.3 million Bahraini dinars during the same period last year, a decrease of 72.6%. A profit from associates and joint ventures of 0.3 million Bahraini dinars was recorded during the third quarter of 2025, compared to a loss of 0.1 million Bahraini dinars during the third quarter of last year. On the other hand, investment and other income decreased by 25.4% from 5.9 million Bahraini dinars to 4.4 million Bahraini dinars, while net interest income recorded a decrease of 3.9% to reach 29.5 million Bahraini dinars compared to 30.7 million Bahraini dinars. Total operating expenses increased by 9.7% from BD 17.6 million to BD 19.3 million, mainly due to strategic initiatives and investment in human resources.
The nine months ending September 30, 2025:
The bank achieved a net profit attributable to shareholders of 56.5 million Bahraini dinars, compared to 53.0 million Bahraini dinars in the same period last year, an increase of 6.6%. Basic and diluted earnings per share amounted to 31 fils for the current period, compared to 29 fils during the same period last year, a growth of 6.8%.
While the total comprehensive income attributable to the bank’s shareholders for the nine-month period ending on September 30, 2025 amounted to 76.7 million Bahraini dinars, compared to 57.7 million Bahraini dinars during the same period last year, a growth of 32.9%, mainly due to the positive improvement in the evaluation of investment securities and the increase in profits for the period.
The increase in net profit was mainly due to an increase in net fee and commission income by 8.1% from 13.5 million Bahraini dinars to 14.6 million Bahraini dinars, and an increase in investment income and other income by 3.9% from 15.5 million Bahraini dinars to 16.1 million Bahraini dinars. Furthermore, net provisions amounted to BD 7.7 million during the nine-month period ending 30 September 2025 compared to BD 16.9 million, during the same period last year, a decrease of 54.4%, mainly due to active management of credit and collection risks. The share of profits from associates and joint ventures amounted to 0.9 million Bahraini dinars during the nine-month period ended, compared to a loss of 2.2 million Bahraini dinars during the same period last year.
On the other hand, the bank’s net interest income decreased by 6.8% from 94.6 million Bahraini dinars to 88.2 million Bahraini dinars, as a result of lower interest rates in the market. Total operating expenses also increased by 7.4% from 51.2 million Bahraini dinars to 55.0 million Bahraini dinars, due to the implementation of strategic initiatives and investment in human resources.
The total shareholders’ equity attributable to the bank’s shareholders amounted to 631.9 million Bahraini dinars at the end of September 2025, a growth of 1.8% compared to 620.8 million Bahraini dinars at the end of 2024. As a result of the positive improvement in the market value of investment securities.
While total assets at the end of September 2025 amounted to 4,596.9 million Bahraini dinars (December 31, 2024: 4,192.6 million Bahraini dinars), an increase of 9.6%. Deposits and amounts due from banks and other financial institutions increased by 57.1%, reaching 263.7 million Bahraini dinars (31 December 2024: 167.9 million Bahraini dinars). Net loans and advances increased by 12.4% to reach BD 2,017.2 million (December 31, 2024: BD 1,794.1 million). The investment securities portfolio recorded a growth of 25.3% to reach 1,176.6 million Bahraini dinars (31 December 2024: 939.4 million Bahraini dinars).
On the other hand, cash and balances with central banks decreased by 12.6% to reach BD 601.1 million (December 31, 2024: BD 687.7 million). Treasury bills decreased by 15.9% to reach 335.9 million Bahraini dinars (31 December 2024: 399.2 million Bahraini dinars). In contrast, customer deposits recorded an increase of 5.1% to reach BD 2,534.1 million (31 December 2024: BD 2,411.3 million), reflecting enhanced customer service initiatives and the bank’s continued focus on expanding the scope of its banking services. Long-term loans increased by 32.3% to reach 405.4 million Bahraini dinars (December 31, 2024: 306.5 million Bahraini dinars), after the bank completed a syndicated loan facility deal worth US$500 million for a period of 3 years, in support of the strategic initiatives in expanding the bank’s business, and refinancing the long-term facilities.
The Board of Directors commented on the bank’s results as follows: “The bank’s continued growth is evidence of the successful implementation of the bank’s strategic priorities and flexible 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 adapt to changing market conditions. We affirm the bank’s commitment to providing a long-term return to shareholders through business expansion, continued investment in digital transformation, customer experience, and strategic investments, which will pave the way for growth and expansion. We extend our thanks to our shareholders for their continued support, and to our loyal customers for Their trust, and the bank’s management and loyal work team who made the success journey a special story.”
BBK Group CEO, Mr. Yasser Al-Sharifi, added: “We are pleased to announce the bank’s financial performance during this period, which was characterized by net profit growth and growth in key sectors. In addition to financial achievements, our commitment to social responsibility is highlighted through strategic cooperation, such as supporting Youth City 2023, which aims to build national capabilities and promote a culture of leadership and innovation among young people. At the same time, initiatives such as ‘Grow’ for university graduates highlight our commitment to community development and talent development.”
“The Central Bank of Bahrain has also approved the transfer of HSBC Bahrain’s retail (retail) banking operations to BBK, and the transfer is expected to be completed by the last quarter of 2025. We are excited to welcome HSBC Bahrain customers and employees to the BBK family and are committed to a smooth integration process.”
“While we remain aware of the surrounding economic conditions and variables, we are optimistic about the opportunities ahead. We are confident in our strategy and our ability to continue creating long-term returns for our stakeholders.”
The full financial statements and press release can be viewed on the Bahrain Bourse website.
