Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profit attributable to the shareholders of BD 7 million (US$ 18.6 million) for the second quarter of 2022, compared to BD 4.6 million (US$ 12.1 million) for the same period in 2021, reflecting a robust increase of 53%, primarily driven by an increase in core activities.
Author Archives: Al Salam Bank
03
Aug
Aug
Al Salam Bank, in collaboration with 10xDS (Exponential Digital Solutions), has successfully implemented Robotic Process Automation (RPA) solution on Blocked and Unblocked Accounts (BUB) within its compliance framework.
Al Salam Bank was recently awarded as the Kingdom of Bahrain’s ‘Best Bank for Corporate Banking’ by Euromoney Awards for Excellence 2022. The award is one of the financial sector’s most esteemed accolades regionally and internationally, recognizing the Bank’s excellence in providing for integrated banking services.
The Bahrain Institute of Banking and Finance (BIBF), the region’s premier training and development provider, has launched the Islamic Finance Practical Handbook in collaboration with Al Salam Bank, one of the leading Islamic financial institutions in the region.
For the second year in a row, Al Salam Bank sponsored the ‘Outstanding Achievement Graduate Award’ at the Bahrain Institute of Banking and Finance’s (BIBF) ceremony which celebrated the
Al Salam Bank opened its newest branch on the 13th of June at Al Sayah Square in Busaiteen, marking the Bank’s fourth paperless and fully automated branch in the Kingdom. The opening ceremony was attended by H. E. Shaikh Khalid bin Mustahail Al Mashani, Chairman of the Board of Directors at Al Salam Bank, alongside several members from Al Salam Bank’s Board of Directors and executive management team.
Al Salam Bank’s Group CEO, Mr. Rafik Nayed, visited the Bank’s new library in the Bahrain Institute for Banking and Finance (BIBF) headquarters, Bahrain Bay, which was inaugurated under the name “Al Salam Bank Library” in the presence of representatives from the bank and the institute..
Al Salam Bank announced the launch of its employee training program entitled “Al Salam Bahrain Financial Learning Academy”. In partnership with various prestigious financial institutions in Sudan, and under the guidance of the Bahrain Institute of Banking and Finance (BIBF), the program will encompass 21 courses and 44 sessions set to take place from the middle of May 2022 to the end of August 2022 through Microsoft Teams.
Al Salam Invest, an investment platform fully integrated within Al Salam Bank’s mobile application is now available to Private Banking and Al Ruwad
Al Salam Bank (Bahrain Bourse Trading Code “SALAM”, Dubai Financial Market Trading Code “SALAM_BAH”) announced today net profits attributable to shareholders of BD 6.5 million (US$ 17.3 million) for the first quarter of 2022, compared to BD 6.1 million (US$ 16.1 million) for the same period in 2021, reflecting a robust increase of 7%. The increase reflects an overall improvement in macroeconomic conditions.