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Islamic Finance Briefing - Categorized | Banking, Performance more

ABC Islamic posts $10mln net profit for ‘09

Posted on 26 February 2010

From Tradearabia.com: Bahrain-based ABC Islamic Bank has posted a net profit of $10.1 million for 2009 compared to $25.6 million for 2008.

Net profit for the fourth quarter was $3.7 million, compared to a nominal third quarter loss of $175,000 as there were no impairment provisions required for the fourth quarter compared to $3 million taken in the third quarter……………………………………Full Article: Source

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