Manama, Feb. 25 -- Al Baraka Banking Group BSC (ABG), a Bahrain headquartered leading Islamic banking multinational, achieved a net income of US$ 67 million in 2020, attributable to equity holders of the parent compared to US$ 106 million for the same period of 2019, with a decline of 37%.
The basic and diluted earnings per share for the year 2020 was US Cents 2.90 compared to US Cents 6.01 for the same period of 2019. Total operating income of the Group increased by 18% in 2020, to reach US$ 1.140 billion compared to US$ 967 million in 2019. An indication of the Group's success in controlling the expenses is the net operating income, which increased by 45% to reach US$ 579 million in 2020, when compared to US$ 399 million in 2019. Total n...