24.04.2012 - Barwa Bank net profit up 882pct to QR244mln
Demonstrating its ability to generate revenue, keep costs under control, and engineer an early move to profitability, the Barwa Bank Group posted a full year net profit of QR244mn in 2011, up 882% on QR25mn in 2010. Barwa Bank’s total assets increased by 143% to reach QR19bn in 2011, which was driven by a 354% growth in the financing portfolio (from QR2bn to 9bn). Customer deposits trebled from QR3bn to QR9bn in 2011...............................................Full Article: Source
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