Bahrain Development Bank reports solid H1 growth; profit up 22pc
COMMERCIAL NEWS
Bahrain Development Bank (BDB) has reported significant financial growth for the first six months of the year with a 14% jump in its total operating income which rose to BD5.68 million ($15 million) from BD4.97 million ($13 million) last year.
Established in 1992, BDB is a pioneering financial institution dedicated to empowering the kingdom’s small and medium-sized enterprises (SMEs) and growth-focused businesses.
Driven by a core mandate to advance national economic development, BDB provides various financing solutions tailored to the evolving needs of the entrepreneurial ecosystem.
Announcing its financial results for the six-month period ended June 30, 2025, BDB said its net profit attributable to the bank’s shareholders rose by 22%, reaching BD965,000, up from BD792,000.
The bank’s financing activities also recorded notable growth, with the number of loans provided between January and June 2025 increasing by 9% year-on-year.
The number of beneficiaries among micro, small and medium enterprises (MSMEs) and start-ups grew by 11%, while the award-winning tijara digital platform attracted over 1,300 new customers during the same period, said BDB in its statement.
As part of its talent development efforts, BDB said it had launched the third edition of its Leadership Development Programme, upskilling 20 employees to take on future leadership roles.
These results reflect BDB’s commitment to reinforcing its role as a key driver of economic growth in the kingdom by delivering innovative financing solutions, promoting entrepreneurship, and supporting sustainable development, it added.-TradeArabia News Service
