ABC Islamic Bank posts 112% surge in Q4 income | ABC Islamic Bank posts 112% surge in Q4 income -
Arab-Banking-Corp

ABC Islamic Bank posts 112% surge in Q4 income

: Thursday, February 27 - 2014 @ 00:15

ABC Islamic Bank, a wholly-owned subsidiary of Arab Banking Corp (ABC), has announced a 48% jump in net profits for 2013 to $12.2m, compared with $8.3m recorded in the previous year, Gulf Daily News has reported. Net profit for the fourth quarter also surged 112% to $3m, compared with the same period of 2012. The bank’s total assets stood at $1.002bn, compared to $1.067bn in 2012.

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Thursday, February 27- 2014 @ 0:15 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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