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Al Baraka Q4 net income up 12.5pc

MANAMA, February 22, 2015

Al Baraka Banking Group , the Bahraini Islamic lender with operations in more than a dozen countries, posted a 12.5 per cent increase in fourth-quarter net income, the bank said in a statement on Sunday.

The bank, which has operations across the Middle East, Asia and Africa, made a net attributable profit of $36 million for the three months ending December 31, compared with $32 million in the corresponding period of 2013, according to the statement posted on the Bahrain bourse.

The bank made an annual net attributable profit of $152 million in 2014, up from $145 million in 2013.  - Reuters




Tags: Bahrain | Islamic | Baraka |

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