15.04.2011 - Al Baraka Bank Algeria net income up 10 pct in 2010
The net income of the bank increased by 10 per cent, shareholders equity by 11 per cent, assets by 18 per cent, investments by 23 per cent and customer deposits by 13 per cent. The financial results of the bank showed that total operating income had increased by 17 per cent to reach $104.92 million in 2010. After deducting operating expenses, which fell by seven per cent, net operating income achieved a significant increase of 28 per cent from $60.80 million in 2009 to $77.89 million in 2010.............................................Full Article: Source
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