Bahrain-based Venture Capital Bank (VCBank) has reported a net profit of $14.1 million for the year ended June 30 this year as against $14.6 million for the previous year and a return on net paid-up capital of 7.8 per cent. In a statement issued after the approval of the results by the bank’s board of directors, the bank said the results mark a sustained period of almost four years of excellent performance with a demonstrable commitment to ethical banking and strong corporate governance, said a report in the Gulf Daily News (GDN), our sister publication.

 

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