Bahrain-based Islamic lender Al Baraka Banking Group posted a 12 percent rise in third-quarter net profit, the bank said on Sunday, boosted by increased lending activity.
The bank, which has operations across the Middle East, Asia and Africa, made a net profit of $63 million for the third quarter, compared with $56 million in the same period of 2011, it said in a statement.
Net profit attributable to equity holders rose to $36 million for the third quarter, compared with $33 million in the
same period last year.
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