Bahrain Development Bank Reports Exceptional Net Profit Growth of 109% Year on Year

Manama, Bahrain – May 2025:

Bahrain Development Bank Reports Exceptional Net Profit Growth of 109% Year-on-Year

Manama, Kingdom of Bahrain – May 2025: Bahrain Development Bank (BDB), the Kingdom’s leading institution dedicated to supporting small and medium enterprises (SMEs), has announced its financial results for the first quarter of 2025, reporting strong performance and notable growth across key financial indicators. The bank recorded a net profit of BHD 350,000, compared to BHD 167,000 during the same period in 2024 – representing an impressive 109% increase year-on-year. BDB’s income from Islamic financing and interest rose by 3%, reaching BHD 2.49 million, compared to BHD 2.419 million in Q1 2024. Meanwhile, net income from Islamic financing and interest grew by 11%, totalling BHD 2.027 million versus BHD 1.822 million for the same period last year. Total operating income stood at BHD 2.776 million in Q1 2025, up 20% from BHD 2.311 million in Q1 2024—highlighting BDB’s continued ability to generate returns and deliver sustainable value. Commenting on the results, Mr. Ghassan Ghaleb Abdulaal, Chairman of Bahrain Development Bank Group, said: “This remarkable growth reflects the effectiveness of our resource management strategy and the diversification of our financing portfolio. We continue to enhance our services and products to meet the evolving needs of entrepreneurs and emerging businesses. Our commitment remains strong to providing innovative financial solutions and developing digital tools that keep pace with the rapid changes in the financial sector, while strengthening our governance and sustainability practices.” Ms. Dalal Al Qais, Chief Executive Officer of Bahrain Development Bank Group, added: “We are proud to have achieved this exceptional performance, with net profits growing by 109% in the first quarter of the year—exceeding expectations. This milestone is a testament to the ongoing support from our Board of Directors and the dedication of our entire team, who are the driving force behind the Bank’s success. We reaffirm our commitment to fostering an enabling financing environment that empowers the SME sector and drives economic development.” For further information, please visit www.bdb-bh.com or contact 17511111.