IslamicFinance.de

Khaleeji Commercial Bank (KHCB), a prominent Islamic retail bank, announced its financial results for the year ended 31 December 2015 recording net profit of BD 8 million compared to BD 3.8 million reported in 2014. The bank has recorded a net profit of BD 1.9 million in the fourth quarter of 2015 compared to a net profit of BD 1 million reported in the fourth quarter of last year. Total assets also grew to BD 654 million, increased by 9.6% compared to 2014. Return on average assets reached 1.3%. With these results, the bank sustained its profitability and strengthened its financial position with a liquid assets ratio in the excess of 22.5% and capital adequacy ratio of 18.8%.