MANAMA, 16 March 2007 — The financial results of Al Baraka Banking Group (ABG) for 2006 show a continuing strong growth in assets, operating income and capital resources. The results were released after they were approved at ABG board of directors meeting held here earlier this week.
Operating income increased to $339.57 million, up from $297.75 million in 2005, reflecting an increase of $41.82 million or 14.04 percent. The net income increased by 20.25 percent to reach $123.72 million compared to $102.89 million in 2005.