27.03.2013 - Pakistan: IBI share in banking industry surges to 10 pct
The Islamic Banking Industry (IBI) continued to post a healthy growth, touching for the first time a share of 10 percent in the banking industry at the end of the Calendar Year 2012 (CY12). With a substantial growth of 35.5 percent or Rs 185 billion, IBI deposits surged to Rs 706 billion by the end of CY12 against Rs 521 billion at the end of CY11. According to the State Bank of Pakistan, IBI posted a healthy growth as far as deposit base was concerned during the period under review. IBI's share in the entire banking industry increased from 8.4 percent in CY11 to 9.7 percent by the end of CY12. IBI's asset base also continued to expend, touching Rs 837 billion by the end of CY12, up from Rs 641 billion in CY11, depicting an increase of 30 percent or Rs 196 billion in a single year...............................................Full Article: Source