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Statement of Income
Page Content
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2000 |
1999 |
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(US$ million) |
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OPERATING INCOME |
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Interest income |
1673 |
1472 |
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Interest expense |
(1240) |
(1038) |
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Net interest income |
433 |
434 |
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Other operating income |
280 |
256 |
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TOTAL OPERATING INCOME |
713 |
690 |
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Provision for losses on loans and advances, net of recoveries |
(66) |
(97) |
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NET OPERATING INCOME AFTER PROVISIONS |
647 |
593 |
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OPERATING EXPENSES |
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Staff |
281 |
265 |
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Premises and equipment |
54 |
54 |
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Other |
116 |
110 |
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Total operating expenses |
451 |
429 |
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PROFIT BEFORE TAXATION AND MINORITY INTERESTS |
196 |
164 |
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Taxation on foreign operations |
(33) |
(31) |
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Minority interests in subsidiaries |
(36) |
(21) |
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NET PROFIT FOR THE PERIOD |
127 |
112 |
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EARNINGS PER SHARE (expressed in US dollars) |
1.35 |
1.19 |
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Inauguration of ‘The Face’, an abstract modern sculpture that celebrates Bahrain and Bank ABC
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