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Article: Al Baraka Group's Q3 net tops $45m.
- Article from:
- TradeArabia (Manama, Bahrain)
- Article date:
- November 11, 2009
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Byline: Manama
Bahrain-based Al Baraka Banking Group has posted a net profit of $45 million for the third quarter of this year.
That took total net profit for the first nine months to $137 million.
It achieved a 12 per cent growth in total assets, 9 per cent in liquid assets, 12 per cent in finance and investments, 14 per cent in deposits and unrestricted investment accounts and 6 per cent in total equity as of September to December last year.
Total operating profits amounted to $151.4 million in the third quarter, up slightly from $151.2 million last time.
For the first nine months, total operating income amounted to $454 ...