| Bahrain’s ABC Islamic Bank posted a net profit of $8.3 million for the year 2012, a slight increase on a net profit of $8.1 million recorded in 2011.
Total operating income amounted to $16 million, six per cent higher than last year of $15.1 million. Operating expenses increased by $0.8 million to $6.9 million, resulting in cost to income ratio of 43.3 per cent, compared to 40.8 per cent in last year, mainly due to higher staff expenses related to compensation scheme...............................................Full Article: Source
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