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ABG net income reaches $56m in 1H
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Manama, Aug. 7 -- Al Baraka Banking Group BSC (ABG), a leading Global Islamic Banking Group with its headquarters in the Kingdom of Bahrain, achieved a net income attributable to shareholders of US$ 56 million during the first half of 2019, while total net income reached US$ 95 million and total operating income US$ 442 million for the same period. Total assets increased to US$ 24.2 billion at the end of June 2019.
The second quarter of 2019 witnessed a significant improvement in the performance of the Group and its banking units as compared to the first quarter of the year due to the growth in financing and investment operations as well as the limited movements of local currencies of our major units against the US dollar. Almost all the...
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