Al Baraka Bank Egypt, a subsidiary of Bahrain-based Al Baraka Group (ABG), has reported an 18 per cent rise in net profit for last year at $35 million. A statement said total assets increased by 30 per cent, financing and investments portfolio by 29 per cent, deposits by 35 per cent and equity by 12 per cent at the end of last December compared with the end of December 2014, reported the Gulf Daily News (GDN), our sister publication.

 

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