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Islamic Finance Briefing - Categorized | Banking, Performance more

Net operating income of Al Baraka Banking Group jumped by 16pct

Posted on 10 May 2012

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)

 
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