| Bahrain-based Islamic lender Al Baraka Banking Group posted a 13% rise in quarterly net income, the bank said yesterday, boosted by growth in its lending operations. The bank, which has operations across the Middle East, Asia and Africa, made a net attributable profit of $38mn for the second quarter, compared with $34mn in the same period of 2011.
The rise was helped by an equal percentage increase in total operating income, which rose to $206mn in the second quarter over the year-ago period...............................................Full Article: Source
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