14.11.2011 - Net income of Al Baraka Banking Group jumped by 13pct
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$ 166 million in the first nine months of 2011, an increase of 13% on the net income achieved in the first nine months of 2010. Similarly, statement of financial positions witnessed moderate increases. Total assets increased by 3%, and deposits by 4% as at the end of September 2011 as compared with the end of December 2010. (Press Release)
Print