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ALBARAKA ISLAMIC BANK PAKISTAN BOOKS 27% RISE IN FY NET PROFIT.

AsiaPulse News

| June 02, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KARACHI, June 2 Asia Pulse - The Bahrain-based AlBaraka Islamic Bank's Pakistan branches reported 27 per cent growth in net profit to Rs146 million (US$2.53 million) for the year ended December 31, compared to a net profit of Rs114 million in the previous year.

According to financial statements for 2002, the bank holds Rs8.2 billion in total assets, including Rs5 billion of advances.

The bank is ...

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