01.10.2010 - European Islamic bank returns to profit in H1
From Arabianbusiness.com: Bank of London and The Middle East (BLME), the biggest wholesale Islamic bank in Europe, has reported profits before tax of $5.7m in the first half, marking a return to profitability after a $15.5m loss in the same period last year. BLME cited a strong performance by its Markets division, the continued top-quartile performance of the US Dollar Income Fund and cash recoveries from assets that had been subject to credit impairment provisions in 2009 as being factors behind the firmís performance..............................................Full Article: Source
Print