BDB Reports 21% Growth in Q4 2024 Net Profits

Manama, Bahrain – Feb 2025:

BDB Reports 21% Growth in Q4 2024 Net Profits

Manama, Bahrain – Feb 2025: Bahrain Development Bank (BDB), the leading bank in supporting small and medium enterprises (SMEs) in the Kingdom, has announced its financial results for the fourth quarter of 2024. The Bank recorded a notable 21% increase in net profits, rising from BHD 537,000 in 2023 to BHD 650,000 in 2024. This strong performance demonstrates the success of BDB’s strategic endeavours in strengthening the SME ecosystem and contributing to national economic development.

Reporting an 18% increase in Islamic financing income and profits, BDB reached BHD 9.908 million in 2024 compared to BHD 8.397 million in 2023. Rental revenues also saw an 8% rise from BHD 630,000 in 2023 to BHD 683,000 in 2024. Meanwhile, the Bank’s total operating income grew by 7% to BHD 9.654 million in 2024, up from BHD 9.022 million in the previous year to reflect a continuous improvement in its financial performance.

Commenting on the occasion, Ms. Dalal Al Qais, Group Chief Executive Officer of BDB stated, “We are pleased to achieve a remarkable increase in net profits, highlighting our unwavering focus on delivering innovative financial solutions that empower SMEs to enhance financial sustainability. These results would not have been possible without the visionary leadership of our Board of Directors and the tireless dedication of the BDB team who have played a pivotal role in attaining this outstanding growth.”

For more information, please visit BDB’s website at https://www.bdb-bh.com or call 17511111.