Al Baraka Banking posts $32.2m profit in Q2-19

MubasherAl Baraka Banking Group’s profit declined by 18% year-on-year to $32.17 million during the second quarter of 2019, according to a statement released on Tuesday.

In the first half of 2019, the group’s profit went down by 24% to $56.16 million, compared to $74.28 million in the year-ago period.

The Bahrain Bourse and Nasdaq Dubai-listed company’s total assets amounted to more than $24 billion.    

“All our banking units in 17 countries have continued to deliver good results as a result of their commitment to providing products and services with real social and economic value to their communities,” chairman of Al Baraka Banking Group, Sheikh Saleh Abdullah Kamel, said.

Mubasher Contribution Time: 06-Aug-2019 14:08 (GMT)
Mubasher Last Update Time: 06-Aug-2019 15:26 (GMT)