In the similar period of previous year, bank's net profit figure stood at BD7.9 million for the same period last year.

Bank's net profit for the six-month period reached BD10.6 million with earnings per share for the period of 8.9 fils.

The total assets in H1 surged by 16% to reach BD640.7 million from BD554 million on December 31, 2008.

The customer deposits grew from BD338 million at the end of fiscal 2008 to BD364 million at end of June 2009, a growth of seven per cent. The bank's gross operating income for the period amounted to BD16.6 million and the net income represented a 12.4 per cent annualised return on shareholders' equity.

For the second quarter of current fiscal, bank's operating income has witnessed a dip of 47% at BD5.8 million, compared to the similar period in 2008.

As per reports in media, the lender is pursuing an extremely cautious approach to building assets.