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Islamic Finance Briefing - Categorized | Banking, Performance more

Albaraka sees ‘09 net profit flat

Posted on 18 June 2009

From Arabianbusiness.com: Bahrain’s Albaraka sees full-year net profit at about last year’s level as it invests in its banking systems and opens new branches. It also plans to list its Syrian unit, its chief executive said on Tuesday.

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 twelve countries before eying new markets in Asia and Europe at a later stage………Full Article: Source

 
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