Manama: Bahrain Development Bank (BDB), the Kingdom’s leading bank supporting small and medium-sized enterprises (SMEs), has announced its financial results for the second quarter and first half of 2026, with total comprehensive income attributable to the owners of the Bank reached BD 2.1 million during the 2nd quarter, compared with BD 144,000 in the same period last year, marking an increase of 1,363%. This was mainly driven by an improvement in the fair value of debt securities compared with Q2 2025.
“The performance reflects BDB’s ongoing implementation of its strategic priorities and the strength of its business operations amid prevailing regional conditions. This was underpinned by effective portfolio management, greater operational efficiency and a diverse range of financial products and services designed around the needs of SMEs, reinforcing the Bank’s contribution to Bahrain’s economy and sustainable development,” the Bank in a statement, said.
Net profit attributable to the owners of the Bank stood at BD 793,000 for the six months ended 30th June 2026, decreasing 18% from BD 965,000 recorded during the first half of 2025. This was primarily due to lower recovery income and a reduction in net interest income and profits from Islamic financing, partly mitigated by higher fee income, lower operating costs and a decrease in expected credit losses.
The Bank recorded a total comprehensive loss attributable to its owners of BD 2.6 million for the first half of 2026, compared with total comprehensive income of BD 1.3 million during the corresponding period of 2025. This movement was mainly attributable to a decline in the fair value of debt securities.
Equity attributable to the owners of the Bank amounted to BD 64.8 million as of 30th June 2026, compared with BD 67.3 million at the end of December 2025, representing a decrease of 4%. Total assets stood at BD 204.6 million, compared with BD 208.1 million as of 31st December 2025, reflecting a reduction of less than 2%.
“These results demonstrate the resilience of BDB’s business model and its ability to advance its strategy despite the challenging regional environment. Prudent portfolio management and a sustained focus on efficiency remain central to preserving our long-term capacity to support SMEs, which are a vital driver of the Kingdom’s economic growth. We will continue to develop more innovative financing solutions, deepen partnerships across the entrepreneurial ecosystem and help businesses build the scale and competitiveness needed to contribute to the Kingdom’s economic priorities. Through this approach, BDB will further strengthen its position as a trusted partner to the SME community and an important catalyst for national development,” Ghassan Ghaleb Abdulaal, Chairman of the Board of Directors of BDB, said.
“Our priorities during the first half of the year centred on further boosting operational efficiency, managing risk effectively and evolving our propositions in response to the changing requirements of SMEs. We remain committed to building this momentum by investing in innovation, accelerating digital transformation and improving every stage of customer experience. Expanding our portfolio of specialised financing and non-financial services will enable us to deliver greater value to emerging entrepreneurs and established enterprises alike, while enhancing BDB’s contribution to sustainable economic development across the Kingdom,” Ms. Dalal Al Qais, Group Chief Executive Officer of BDB, added.
