Manama: Al Baraka Bank Egypt, a subsidiary of Al Baraka Banking Group (ABG) and its investment arm in Egypt, registered 101 per cent increase in net income for the first quarter of 2016 compared with the same period last year.
Total assets also increased by 4pc, financing and investments portfolio by 4pc, deposits by 5pc and equity by 6pc at the end of March 2016 compared with the end of December 2015, which reflects the growing performance of the bank and the soundness of its financial resources .
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