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Islamic Finance Briefing - Categorized | Banking, Performance more

ABC Islamic Bank posts $6mln profit

Posted on 13 November 2009

From Tradearabia.com: ABC Islamic Bank today announced that it posted a profit of $6.4 million for the nine-month period ending September 2009.

Income for the third quarter was $9.2 million versus $10.6 million for the previous quarter, due largely to lower rates and prudent trimming of balance sheet asset size, the bank said in a statement……………………………Full Article: Source

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