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Islamic Finance Briefing - Categorized | Banking, Performance more

Banque Albaraka D’Algerie reports 80% increase in net operating income

Posted on 18 December 2008

From Zawya.com: Banque Albaraka D’Algerie, a subsidiary banking unit of Albaraka Banking Group, announced that it had achieved a big increase in net profits in the first nine months of 2008 which rose by 80%. In the meantime, total assets increased by 39%, finance by 53%, deposits by 32% and shareholders equity by 68%.

The financial results of the Bank for the first nine months of the year revealed that the Bank’s operating income amounted to US$59.38 million compared to US$39.78 million for the same period of last year. …. Full Article: Source

 
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