As of 30 June 2010, Futurebank’s total assets stood at BD
543 million against 31 December 2009’s BD 547 million. On
comparison to the end of 2009, the bank’s total liabilities
decreased by 3.1% and stood at a healthy BD 458 million
(2009 – BD 473 million). The bank managed to reduce its
interbank borrowing and has had a healthy growth in the
customer deposits since the beginning of the current year.
The customer deposits have increased significantly by 19.1%
since the beginning of the year. The bank’s total equity
saw an increase of BD 10.5 million during the first half of
2010. The bank’s Capital adequacy ratio also stood at a
healthy 23.9% as of June 2010 as compared to 20.8% in the
comparative period of previous year.
“Showcasing solid growth once more,
Futurebank has managed to maintain a strong balance sheet,”
commented Dr. Valiollah Seif, Chief Executive Officer and
Managing Director, Futurebank. “Putting our customers first,
we have made prudent decisions that safeguard their
interest. For the next half of 2010, we plan on continuing
to maintain our current momentum and add new products to our
comprehensive range of banking services.”
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