Bahrain's Al Baraka Islamic bank sees new scope to expand
 

16-02-14 09:55 PM

Bahrain-based Islamic lender Al Baraka (BAH:BARKA) expects at least 15 percent growth in net profit this year as its business recovers across a region hit by the Arab Spring unrest, its chief executive said. The growth will also be fuelled by the company's entry into the Moroccan and Libyan markets and expansion in Tunisia as monetary authorities become more welcoming to Islamic banking. The ...

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