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Bahrain’s Al Baraka Says Q4 Net Income Up 12.5%

Bahrain’s Al Baraka Says Q4 Net Income Up 12.5%

The bank made a net attributable profit of $36 million for the last quarter of 2014.

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 Dec. 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.

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