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Islamic Finance Briefing - Categorized | Banking, Performance more

Bahrain Islamic Bank swings to Q3 loss on provisions

Posted on 23 October 2009

From Aawsat.com: Bahrain Islamic Bank, the country’s biggest Islamic retail bank by market value, on Wednesday swung to a quarterly loss as it booked higher provisions on bad loans.

The bank said net loss for the three months ended Sept.30 was 1.36 million Bahraini dinars, compared with a net profit 6.26 million in the year-earlier quarter…………………….Full Article: Source

 
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