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Islamic Finance Briefing - Categorized | Banking, Performance more

Net income of Al Baraka Banking Group jumped by 15pct

Posted on 24 February 2011

The Bahrain based leading Islamic banking group, Al Baraka Banking Group Jumped (ABG)announced that it has achieved a net income of US$ 193 million in 2010, an increase of 15% on the income achieved in 2009. Similarly, balance sheet items witnessed notable increases.
Total assets increased by 21%, total finance and investments by 21%, deposits including unrestricted investment accounts by 23% while total equity increased by 5% as at the end of December 2010 in comparison with the end of December 2009………………………………………..Full Press Release: Source

 
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