Ithmaar Bank records losses in third quarter (By IFN)

Monday 19^th November 2012

BAHRAIN: Ithmaar Bank, Bahrain’s retail-focused Islamic bank, has reported losses of US$15.6 million in the third quarter, ending the 30^th September 2012. This loss is attributed to a decline in fair value of selected investment assets which were included as part of the bank’s net impairment provisions totaling to US$23.9 million, compared to a provision write-back of US$22.5 million in the same period last year.

See: http://www.islamicfinancenews.com/