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3 years ago
Bahraini Islamic bank Al Baraka Q4 net income climbs 23 pct
February 23, 2014 / 11:42 AM / 3 years ago

Bahraini Islamic bank Al Baraka Q4 net income climbs 23 pct

1 Min Read

DUBAI, Feb 23 (Reuters) - Bahrain's Al Baraka Banking Group reported a 23 percent increase in fourth-quarter net profit on Sunday.

The Islamic lender recorded a net attributable profit of $32 million in the three months to December 31, compared with $26 million in the corresponding period of 2012, the bank said in a statement.

Al Baraka, which has operations in fifteen countries, said it planned to add 81 branches to its network in 2014, in countries including Turkey, Pakistan, Jordan and Egypt. It currently has 479 branches, the statement added. (Reporting by Mirna Sleiman; Writing by David French; Editing by Olzhas Auyezov)

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