Mr. Adnan Ahmed Yousif

Al Baraka Banking Group Achieve US$ 38 million Net #Income Attributable to Equity Holders of the Parent in the First Quarter of 2016

The #Bahrain based Al Baraka Banking Group (ABG) announced that it achieved a substantial increase in total operating income of 16%, and net profits before tax and provisions by 13% during the first quarter of 2016. President & CEO Adnan Ahmed Yousif said the group opened 20 new branches in the first quarter of 2016 to bring total branches to 607 branches with total staff of 11,458. Additionaly, ABG obtainied official approval to establish a banking unit in Morocco, which means a higher diversification in assets and income sources for the Group.

Construction of Al Baraka Banking Group Headquarter in the Bahrain Bay Goes According to Plan

Mr. Adnan Ahmed Yousif, Chief Executive of Al Baraka Banking Group, visited together with members of the executive management of the Group the site of the Group Headquarter in Bahrain Bay. A detailed explanation of construction works was given to him.
Mr. Adnan Ahmed Yousif stated his content for what he has seen. He added his delight of the great efforts that are made for the construction of this distinctive and unique of its kind architectural edifice, which is estimated to cost about U.S. $ 100 million.

Syndicate content