Al Baraka Banking Group raises its profit to $143m during H1 of 2014 and total assets exceeding $22bn
Bahrain-based Al Baraka Banking Group B.S.C (ABG) announced a net profit of $143m for the first half of 2014. While balance sheet items increased moderately: total assets increased by 5%, total financing and investments by 5%, customer accounts by 5% and total equity by 3% at the end of June 2014 compared to the end of December 2013. With regard to the results of the second quarter of the year 2014 compared with the results of the first quarter of the same year, total operating income increased by 9% to reach $232m, while net operating income increased by a large percentage of 31% to reach $110m, and net income increased by 15% to $76m.
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