28.02.2012 - ABC Islamic Bank’s 2011 net profits surge 293 pct
ABC Islamic Bank announced a net profit of $8.1 million for 2011, 293 per cent higher than last year. Total operating income was $15.1 million compared to $15.9 million for 2010, mainly due to de-risking of balance sheet asset size. Operating expenses of $6.2 million were higher than the previous year of $4.9 million, mainly due to a timing recognition of staff expenses related to compensation for last year...............................................Full Article: Source
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