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Islamic Finance Briefing - Categorized | Banking, Performance more

ABC nine-month profit surges 40pct

Posted on 19 October 2011

Bahrain-based Arab Banking Corporation (ABC) said its consolidated group net profit for the first nine months rose to $157 million, up 40 per cent over the same period last year.
Announcing the results on Tuesday, ABC said the total operating income for the third quarter amounted to $200 million, marginally below $207 million in the previous quarter, whilst operating expenses decreased to $97 million compared to $102 million, in part due to the impact of exchange rates……………………………………….Full Article: Source

 
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