Ahli United Bank, Bahrain's largest lender by market value, posted on Tuesday an 11.8 percent gain in its fourth-quarter net profit, boosted by an increase in net interest income.
The bank made a net profit of US$78.6m for the three months to December 31, compared with US$70.3m in the corresponding period of 2011.
Arqaam Capital had forecast the bank would make a quarterly profit of US$118m.
Full-year profit came in at US$335.7m, up from US$310.6m in 2011.
Read more: http://www.arabianbusiness.com/bahrain-s-ahli-united-bank-posts-q4-profit-rise-490196.html
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