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Islamic Finance Briefing - Categorized | Banking, Performance more

European Islamic bank returns to profit in H1

Posted on 01 October 2010

From Arabianbusiness.com: Bank of London and The Middle East (BLME), the biggest wholesale Islamic bank in Europe, has reported profits before tax of $5.7m in the first half, marking a return to profitability after a $15.5m loss in the same period last year.
BLME cited a strong performance by its Markets division, the continued top-quartile performance of the US Dollar Income Fund and cash recoveries from assets that had been subject to credit impairment provisions in 2009 as being factors behind the firm’s performance……………………………………….Full Article: Source

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