BisB CEO says achieved “good” results in the first half of 2021

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

The first-half results of Bahrain Islamic Bank were rated as ‘good’, compared to the prior year, by Hassan Jarrar, the CEO of BisB, during a virtual press conference. The bank, he said, did this by overcoming many obstacles amid the extraordinary situations brought forth by the pandemic.

BisB, he further said, made total profits higher compared to the prior-year period. Figures, however, are not disclosed. “The performance is good, given the circumstances,” he said while adding that the bank hopes to continue this for the rest of the year. The acquisition of BisB by the National Bank of Bahrain and subsequent capital injection, Jarrar said, ensured financial stability and freed the bank of its restrictions.

As reported earlier, NBB has acquired a 78.8% controlling stake in BisB in 2020. Jarrar also assured that BisB continues to drive digitisation and fintech. “Our motto is simplify banking and facilitating services for customers.” The impact of digitisation, Jarrar said, is positive on the economy and education and that institutions and companies must prepare for the future.