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Islamic Finance Briefing - Categorized | Banking, Performance more

AlBaraka Banking Group posts a net profit of US$ 45 mln in the Q3

Posted on 11 November 2009

The Bahrain based leading Islamic banking group, Al Baraka Banking Group announced that it had posted a net profit of US$ 45 million in the third quarter of 2009 and US$ 137 million for the first nine months of year 2009.
It also achieved a 12% growth in total assets, 9% in liquid assets, 12% in finance and investments, 14% in deposits and unrestricted investment accounts and 6% in total equity as of September 2009 compared to December 2008…………………………..Full Press Release: Source

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