Manama: Al Baraka Turk Participation Bank, a subsidiary of Bahrain-based Al Baraka Banking Group (ABG), yesterday announced it has achieved an increase of 16 per cent in net profit in the first nine months of the year compared with the same period last year.
A statement said the bank also increased its equity by 10pc, total assets by 27pc, deposits by 23pc and financing and investments by 20pc at the end of September compared with end-December last year .