Banque Albaraka D’Algerie, a subsidiary banking unit of Albaraka Banking Group B.S.C. (ABG), announced that it posted a net profit DZD 803.55 million (US$ 11.01 million) in the first quarter of 2009, reflecting an increase of 69% compared to the same period last year, while total assets increased by 7%, finance by 11% and deposits by 9% as at the end of March 2009 compared to the end of December 2008.
The Bank’s financial results for the first quarter of 2009 showed an increase of 53% in total operating income compared to the same period last year to reach DZD 1.63 billion (US$ 22.39 million)…….Full Press Release: Source