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ABG net income surges to $98m

Bahrain Business
Fri, 09 Nov 2018


MANAMA: Al Baraka Banking Group (ABG) has reported good increases in income for the first nine months of 2018, with total operating income rising by 10 per cent, net operating income by 26pc and net income by 2pc compared with the same period last year. During the period, the fluctuations of local currencies against the US dollar continued in a number of countries where ABG units operate, which affected the reported growth figures of both income and balance sheet items in terms of the US dollar.

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