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Islamic Finance Briefing - Categorized | Banking, Performance more

International Investment Bank posts Q3 results

Posted on 20 November 2009

From Ameinfo.com: Bahrain-based Islamic investment lender, International Investment Bank (IIB) has reported a net loss of $0.6m for the third quarter of 2009, compared to a net income of $0.8m earned in the same period of 2008.
The loss is attributed to fewer investment banking transactions due to current market situation. Net loss for the nine month period was $2m, compared with net income of $12m for the same period last year, IIB said……………………..Full Article: Source

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