BMI 11 November 2007...  BMI today announced a net profit of USD 8.7 million (BD 3.3 million) for the nine months ended 30 September 2007. Total assets stood at USD 1,079 million (BD 407 million), a growth of 12% from the USD 960 million (BD 362 million) reported at 31 December 2006. Return on Equity (ROE) for the period stood at 13.2% while Earnings Per Share (EPS) was 0.51 cents (0.191 fils)

Commenting on the Bank’s performance at the end of the third quarter of 2007, Andrew Bainbridge, Chief Executive Officer of BMI said:

“The 9 month results for BMI continue to show strong performance. Underlying the headline figures are investments in improving our product range and our operating capability, as well as our share of the start up costs of our associate in Kenya, Gulf African Bank (21.33% owned by BMI). These investments help to improve our future capability and geographic reach, benefiting our customers as we grow.