Al Baraka Bank Egypt reported a 41% increase in its net profit all over the last nine months ended on September 30, 2014.
The bank posted a net profit of EGP 168.4 million, compared to EGP 119.3 million during the first nine months of 2013.
Al Baraka Bank Egypt commenced its activities in accordance with Shari’a principles over 23 years ago and has grown as an Islamic institution to become one of the foremost in the Egyptian market. It provides a variety of services, products and savings deposit options to suit different requirements and financing programmes to meet the requirements of various sectors of the Egyptian market, in addition to credit facilities for companies and joint financings for large and important national projects. The bank currently has 26 branches and 4 foreign exchange offices, spread across the major Egyptian cities.
