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Al Baraka Bank Algeria, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG), celebrated the 25th Anniversary of its foundation in 1991 as a first Islamic bank in Algeria. This was coincided with approval by the Board of Directors of the Bank on the financial results for the first quarter of 2016, which showed a 44% increase in net operating income and DZD 960 million net profits.Press Release - 01-Jun-2016
The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that its total operating income reached one billion dollars in 2015 for the first time since the start of the Group activities 12 years ago due to continued growth in income-generated business at all the Group units, while the net income for the year reached US$ 286 million inPress Release - 21-Feb-2016
Manama, 10 May 2015:Press Release - 10-May-2015
Manama, 22 April 2015: The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. (ABG) and six of its subsidiary banking units received the "Best Islamic Financial Institution" Award of 2015, as part of the annual awards that the Global Finance magazine, which is specialized in banking and finance, awards to international banks and financial institutions. Al Baraka BankingPress Release - 22-Apr-2015
Manama, 22 February 2015:The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it has achieved a net income of US$ 275 million in 2014, an increase of 7% on the income achieved in 2013. The results of the fourth quarter of 2014 saw large improvements in both profits and businesses as net profits jumped by 12%. Similarly, balance sheet items witnessed nPress Release - 22-Feb-2015
The doubts that OPEC can maintain its supply-cut deal are turning into a certainty.
Despite Trump's withdrawal, business groups have identified significant benefits from the climate change accord.