Barwa Bank reports 46% surge in 2013 net income

June 10, 2014 1:25 am

Qatari Islamic lender, Barwa Bank Group has posted a 46% surge in 2013 net profit to QR503.9m, compared with QR345.2m in the previous year, the Peninsula has reported. Total assets of the bank increased by 33% to reach QR33.6bn a result of 26% growth in the financing portfolio from QR15.3bn to QR19.3bn with customer deposits rising from QR14.8bn to QR 21.2bn, the bank said.