Bahrain-based Islamic lender Al Baraka Banking Group posted a 13-percent rise in quarterly net income, the bank said on Sunday, boosted by growth in its lending operations.
The bank, which has operations across the Middle East, Asia and Africa, made a net attributable profit of $38 million for the second quarter, compared with $34 million in the same period of 2011, according to the statement.
The rise was helped by an equal percentage increase in total operating income, which rose to $206 million in the quarter over the year-ago period.
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