Net Income of Al Baraka Banking Group Jumped by 15% to US$ 193 Million and Assets by 21% to US$ 16 Billion in 2010
Al Baraka Banking Group announced that it has achieved a net income of US$ 193 million in 2010, an increase of 15% on the income achieved in 2009. Similarly, balance sheet items witnessed notable increases.
The financial statements of the Group for 2010 showed that the continued expansion in business reflected positively on income, with total operating income of US$ 659 million in 2010, an increase of 4% over 2009.
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