Mubasher: Al Baraka Banking Group’s profit declined by 18% year-on-year to $32.17 million during the second quarter of 2019, according to a statement released on Tuesday.
In the first half of 2019, the group’s profit went down by 24% to $56.16 million, compared to $74.28 million in the year-ago period.
The Bahrain Bourse and Nasdaq Dubai-listed company’s total assets amounted to more than $24 billion.
“All our banking units in 17 countries have continued to deliver good results as a result of their commitment to providing products and services with real social and economic value to their communities,” chairman of Al Baraka Banking Group, Sheikh Saleh Abdullah Kamel, said.
