Liquidity Management Centre (LMC), a Bahrain-based wholesale Islamic bank, has reported a net profit of $2.25 million for the first half of this year as against $2.1 million for the same period last year. A statement by the bank said the net profit resulted in a return on capital equivalent to eight per cent annualised while the average interbank rate remains below 0.5 per cent, reported the Gulf Daily News (GDN), our sister publication.

 

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