Al Salam Bank BSC 2023 AR2
The report highlights Al Salam Bank's strong financial and operational performance in 2023, achieving a 79.7% increase in total operating income to BD 279.3 million and a 33.7% increase in net profit to BD 42.2 million. Key milestones included the acquisition of a majority stake in Al Salam Bank Algeria and the successful integration of Ithmaar Bank's retail portfolio. On the sustainability front, the bank launched the "Inspired to Grow" campaign, planting 7,000 trees and distributing 13,000 plants across Bahrain. Additionally, the bank empowered its workforce through the "Qaedat Al Salam" women's leadership program and advanced its digital-first strategy with paperless branch initiatives.
Company: Al Salam Bank BSC
Sector: Financials
Country: Bahrain
Year: 2023
Type: AR2
Pages: 210
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Al Salam Bank BSC
Annual Report
The report highlights Al Salam Bank's strong financial and operational performance in 2023, achieving a 79.7% increase in total operating income to BD 279.3 million and a 33.7% increase in net profit to BD 42.2 million. Key milestones included the acquisition of a majority stake in Al Salam Bank Algeria and the successful integration of Ithmaar Bank's retail portfolio. On the sustainability front, the bank launched the "Inspired to Grow" campaign, planting 7,000 trees and distributing 13,000 plants across Bahrain. Additionally, the bank empowered its workforce through the "Qaedat Al Salam" women's leadership program and advanced its digital-first strategy with paperless branch initiatives.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Total Waste
Women on Board
Women in Management
Employees