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Islamic Finance Briefing - Categorized | Banking, Market Moves, New Launches more

Albaraka plans to open new branches

Posted on 17 June 2009

From Gulf-daily-news.com: Bahrain’s Albaraka sees its full-year net profit at about last year’s level as it invests in its banking systems and opens new branches, and plans to list its Syrian unit before August, its chief executive said.

Albaraka, Bahrain’s largest Islamic bank by market value, is in an inward-looking phase of its development, as it consolidates the group’s operations in 12 countries, before eying new markets in Asia and Europe at a later stage……..Full Article: Source

 
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