Sun, Aug 31, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

ABC Islamic Bank’s net profit soars 66 pct

Posted on 11 May 2011

ABC Islamic Bank, a subsidiary of Bahrain-based Arab Banking Corporation, yesterday posted a first quarter net profit of $3 million, up 66 per cent over $1.8m for same period last year.
Total operating income for the first quarter was $4.8m, compared to $3.9m for the first quarter of last year. Operating expenses increased to $1.8m compared with $1.4m, mainly due to a timely recognition of staff expenses related to compensation for last year……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031