AL Salam Bank announced net profits attributable to shareholders of the bank of BD20.8 million ($55.2m) in the third quarter of 2025 (Q3 2025) compared to BD14m ($37.2m) in the same quarter in 2024, reflecting an increase of 48.3 per cent.
The increase in profitability was predominantly driven by the strong performance of the group’s core banking operations.
Correspondingly, earnings per share increased to 6.2 fils (16.5 cents), up from 4.6 fils (12.2 cents) in Q3 2024. Moreover, total comprehensive income attributable to the shareholders of the bank reached BD56.4m ($149.7m), an 80.6pc increase from BD31.3m ($82.9m) during the same period last year.
For the nine-month period ended September 30, 2025, the bank reported net profit attributable to shareholders of the bank of BD58.2m ($154.3m), a significant increase of 37.5pc compared to BD42.3m ($112.3m) for the same period in 2024.
Earnings per share for the nine-month ended September 30, 2025 rose to 17.3 fils (45.9 cents), up from 13.9 fils (36.9 cents) in the same period of 2024, reflecting the bank’s enhanced profitability and operational efficiency.
Total comprehensive income attributable to shareholders of the bank increased by 37.9pc to BD98.1m ($260.1m), compared to BD71.1m ($188.6m) in 2024.
Total shareholders’ equity increased to BD456m ($1.21 billion), up 26.5pc from BD360.5m ($956.2m) at year-end 2024.
Total assets increased by 14.8pc to BD8.11bn ($21.51bn), up from BD7.06bn ($18.73bn) as at December 31, 2024. Furthermore, financing assets increased by 9.9pc to BD4.02bn ($10.67bn) as at September 30, 2025, while customer deposits increased by 9.1pc to BD5.58bn ($14.81bn). The group’s capital adequacy ratio remained robust at 27.4pc.
Commenting on the results, Al Salam Bank chairman Shaikh Khalid bin Mustahail Al Mashani said: “Al Salam Bank continues to consolidate its position as one of the region’s leading financial institutions. We delivered record profitability while optimising our operating model to benefit from the growth in scale achieved over the past period. As we expand our footprint regionally and diversify our revenue streams, we remain focused on disciplined growth, prudent risk management, and commitment to creating long-term value for our shareholders.”
Al Salam Bank Group chief executive officer Rafik Nayed added: “The results for the third quarter of 2025 reflect the resilience and agility of our business model. We continue to leverage technology to deliver human-first, intelligence driven customer experiences while maintaining operational excellence. We made significant progress in group-wide optimisation initiatives, accelerated automation and AI adoption, and launched a suite of innovative asset management products at ASB Capital. By continuing to drive operational efficiency, invest in digital innovation, and deepen client relationships, we are well-positioned to capitalise on emerging opportunities and fuel long-term, diversified, and sustainable growth.”
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