MANAMA, Sept. 8 -- Al Baraka Bank South Africa, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), announced recently its financial results for the first half of 2019. The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 64% during the first half of 2019 compared to the same period last year. Total assets also increased by 6%, at the end of June 2019 compared to the end of 2018.

The Bank's financial statements for the first half of 2019 show that the Bank succeeded in increasing its revenues and diversifying them from income from financings, fees and commissions, including the commissions from electronic banking services. As a result, t...