Bahrain's Al Baraka Islamic bank sees new scope to expand | Reuters:
"Bahrain-based Islamic lender Al Baraka BARKA.BH expects at least 15 percent growth in net profit this year as its business recovers across a region hit by the Arab Spring unrest, its chief executive said.
The growth will also be fuelled by the company's entry into the Moroccan and Libyan markets and expansion in Tunisia as monetary authorities become more welcoming to Islamic banking.
The bank, which has operations across the Middle East, Asia and Africa is due to announce a double digit increase in 2013 profits, driven by overall growth in core business and a 15 percent rise in lending, Chief Executive Adnan Ahmed Yousif said."
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