The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a good growth in its total operating profits of 8% and in its net profit before tax and provisions & tax of 4%, despite the fact that 2009 was one of the most difficult years for banks and financial institutions all over the world as a result of the repercussions of the global financial crisis.
This growth reflects the significant improvements seen in all sources of income on the back of continued growth in assets by 21%, deposits and investment accounts by 24%, financing and investments by 17%, liquid assets by 21% and total equity by 12%, according to a statement issued today by the Group in which it revealed its financial results for the year 2009…………………………………..Full Press Release: Source