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Bahrain’s Al Baraka Bank Posts 3.8% Rise In Q2 Net Profit

Bahrain’s Al Baraka Bank Posts 3.8% Rise In Q2 Net Profit

The bank made a net attributable profit of $43.8 million for the three months to June 30, it said in a statement.

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.

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