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Islamic Finance Briefing - Categorized | Banking, Performance more

Barwa Bank net income up 41pct in 2012

Posted on 25 March 2013

Barwa Bank Group, Qatar’s fastest growing Shari’ah compliant banking service provider has announced its financial results for the year ended December 31, 2012. The Group recorded strong growth in both balance sheet and profitability, with Net Income for 2012 up by 41% at QAR345mn compared to QAR 244mn in 2011.
Total assets increased by 32% to reach QAR25.3bn, a result of 66% growth in the financing portfolio from QAR 9.2bn to QR 15.3bn, with customer deposits rising from QAR 10.1bn to QR 14.8bn during 2012. (Press Release)

 
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