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Bahrain's Al Baraka Bank posts 3.8 pct rise in Q2 net profit
August 10, 2014 / 11:42 AM / 3 years ago

Bahrain's Al Baraka Bank posts 3.8 pct rise in Q2 net profit

DUBAI, Aug 10 (Reuters) - Al Baraka Banking Group , a Bahrain-based Islamic lender with a presence in more than a dozen countries, posted a 3.8 percent 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. (Reporting by Nadia Saleem; Editing by Andrew Torchia)

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