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Islamic Finance Briefing - Categorized | Banking, Performance more

Al Baraka Banking Group achieves 14 pct growth in net profit in Q2

Posted on 11 August 2009

From Zawya.com: The Bahrain based leading Islamic banking group, Al Baraka Banking Group,announced a net profit of US$ 49.02 million in the second quarter of 2009, reflecting an increase of 14% over the net profit of the first quarter of 2009.
Hence, the net profits for the first half of 2009 reached US$ 92 million. On the other hand, total assets increased by 5.4%, liquid assets by 4.6%, finance and investment by 5.1%, deposits and unrestricted investment accounts by 6.4% and total equity by 1.7% as at the end of June 2009 compared to December 2008. ……….Full Article: Source

 
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