Bunna International Bank - Bank to Show Profit in Years

published 485 days, 6 hours, 56 minutes ago posted by adminadmin 485 days, 6 hours, 58 minutes ago
Thursday, January 20, 2011 7:04:59 AM GMT Thursday, January 20, 2011 7:03:08 AM GMT

Bunna International Bank (BIB) earned a 48, 000 Br profit during its first year of operations, making it the first bank among those established over the past few years not to operate at a loss in its opening year.

BIB's performance largely resulted from the 11.5 million Br it earned in noninterest income. A total of 4.9 million Br, close to 43pc of this amount, came from gains made on foreign currency exchanges.

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