Bahrain's Baraka Bank posts 3.8% rise in Q2 profit

Al Baraka Banking Group , a Bahrain-based Islamic lender with a presence in more than a dozen countries, posted a 3.8 per cent increase in second-quarter net income, the bank said in a statement on Sunday.

The bank, which has operations in the Middle East, Asia and Africa, made a net attributable profit of $43.8 million for the three months to June 30, compared with $42.2 million in the year-ago period of 2013.

Total assets stood at $22.1 billion at the end of June, up from $19.5 billion a year earlier.  


 

Follow Emirates 24|7 on Google News.