International Investment Bank posts USD 13.5 mn net profit and announces 7 % cash dividend for the year 2008
International Investment Bank (IIB), Bahrain announces a Net Income of USD 13.5 mn and the approval of a cash dividend payment of 7% for the year ended 31 December 2008.
At USD 13.5 mn, the 2008 Net Income represents a 12.3% return on Paid up Capital (ROC). The Capital Adequacy ratio at 31 December 2008 of 86% is over 7 times of 12% required by the Central Bank of Bahrain.
Mr. Aabed Al Zeera is the Chief Executive Officer and Board member.
For full details on IIB’s financial results, please see the ‘Financial Section’ on IIB’s website at source.
Source:
Syndicate
