The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its total operating income increased by 21% and net operating income by 16% in the first quarter of 2012 compared to the same period of 2011. Similarly, statement of financial positions witnessed moderate increases.
Total assets increased by 2%, total financing and investments by 5%, deposits including equity of investment account holders by 2% and total equity by 2% as at the end of March 2012 as compared with the end of December 2011. (Press Release)