Banking, Finance & Takaful

Bahrain Islamic bank Al Baraka posts near-flat Q1 profit

bisbBahrain-based Al Baraka Banking Group reported near-flat first-quarter net profit on Sunday.

The Islamic lender recorded a net attributable profit of $36.6 million in the three months to March 31, compared with $36.8 million in the corresponding period of 2013, the bank said in a bourse filing.

Al Baraka has operations in fifteen countries including TurkeyPakistan, Jordan and Egypt.

Source: Reuters Foto: TRadeArabia

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