(MENAFN) Bahrain Commercial Facilities Company (BCFC) registered 11 percent net profit increase hitting USD38.5 million in 2014 compared with USD34.51 million in 2013, Gulf Daily News reported.
In the fourth quarter of 2014, profit was USD8.69 million compared to USD9.22 million year-on-year. According to the firm's chairman, profits in 2014 were the highest in the company's history.
Bahrain Credit, the company's consumer finance business, reached a net profit of USD25.82 million compared to an earlier USD23.7 million and rendered loans estimated at USD303 million as against earlier loans of USD260.86 million.
'These results manifest the faithful adherence to our core values, the successful execution of strategic plan initiatives and the hard work of our dedicated employees,' chairman added in a statement.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.