Al Baraka Egypt profit climbs 18% in 2015

Al Baraka Bank Egypt, a subsidiary of Bahrain’s Al Baraka Group (ABG), has reported an 18 percent rise in net profit for last year at $35 million.

A statement said total assets increased by 30 percent, financing and investments portfolio by 29 percent, deposits by 35 percent and equity by 12 percent at the end of last December compared with the end of December 2014, reported the Gulf Daily News (GDN).