Bahraini Islamic lender Al Baraka Banking Group reported a 2.8 percent dip in second-quarter net profit on Sunday.

The bank, which has operations in more than a dozen countries, made a net attributable profit of $43.6 million in the three months ending June 30, it said in a statement.

It did not provide a figure for the year earlier period. The company recorded a profit of $44.8 million for the second quarter of 2015, according to a statement released at the time.

Al Baraka will establish a banking unit in Morocco once it receives approval from local authorities, it said in May.  - Reuters