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Article: Albaraka income surges 68pc.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- November 11, 2008
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Byline: Manama
(Category: Banking, Finance & Insurance )
(Image: baraka.gif )
Bahrain-based Albaraka Banking Group has announced a surge in its net operating income by 68 per cent.
Net profit rose by 50 per cent in the first nine months of the year in spite of the turmoil in global financial markets over the period.
Total assets increased by 16pc and finance and investments by 21pc during the period.
The group's total operating income for the period increased by 48pc to $458.92 million compared to $310.54m last time.