12.11.2012 - Net income of Al Baraka Banking Group rose by 10pct in the first nine months of 2012
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a net income of $183m in the first nine months of 2012, an increase of 10% on the net income achieved in the first nine months of 2011. Similarly, statement of financial positions witnessed good increases. Total assets increased by 7%, investments and financing portfolio by 13%, deposits by 7% and total equity by 7% as at the end of September 2012 as compared with the end of December 2011. (Press Release)