Bahrain's Al Baraka Q1 net attributable profit rises 9 pct

May 10, 2015 11:50 AM

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DUBAI May 10 Bahrain's Al Baraka Banking Group , an Islamic lender with operations in more than a dozen countries, posted a 9 percent increase in first-quarter net attributable profit on Sunday.

The bank made a net profit attributable to equity holders of $40 million in the three months ending March 31, it said in a statement. Al Baraka's net attributable profit in the prior-year period was $36.6 million, according to Reuters data.

Also read: Abu Dhabi Commercial Bank Q3 net profit falls 17 pct

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