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Islamic Finance Briefing - Categorized | Banking, Performance more

ABG net profit soars by 13pct to US$ 48.3 mln in first quarter of 2010

Posted on 12 May 2010

From Albaraka.com: The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it had posted a net profit of US$ 48.3 million in the first quarter of 2010, an increase of 13% over the profit of the first quarter of 2009.
Balance sheet items also witnessed significant growth as total assets increased by 4%, liquid assets by 6%, total finance and investments by 3% and deposits by 4% as at the end of March 2010 compared with the end of December 2009……………………………………….Full Article: Source

 
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