Reuters logo
Bahrain's Al Baraka Banking Group Q2 net profit dips 2.8 pct
August 7, 2016 / 11:56 AM / a year ago

Bahrain's Al Baraka Banking Group Q2 net profit dips 2.8 pct

DUBAI, Aug 7 (Reuters) - Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday.

The bank, which has operations in more than a dozen countries, made a net attributable profit of $43.6 million in the three months ending June 30, it said in a statement.

It did not provide a figure for the year earlier period. The company recorded a profit of $44.8 million for the second quarter of 2015, according to a statement released at the time.

Al Baraka will establish a banking unit in Morocco once it receives approval from local authorities, it said in May. (Reporting By Tom Arnold; editing by John Stonestreet)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below