| The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a net income of US$ 53.5 million in the first quarter of 2011, an increase of 11% on the net income achieved in the first quarter of 2010.
Similarly, statement of financial positions witnessed moderate increases. Total assets increased by 3%, total financing and investments by 1%, deposits including equity of investment accountholders by 2% as at the end of March 2011 as compared with the end of December 2010. (Press Release)
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