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Home / Uncategorized / With $22.5b assets, $2b equity: ABG earns $207m in 9 months
With $22.5b assets, $2b equity: ABG earns $207m in 9 months

With $22.5b assets, $2b equity: ABG earns $207m in 9 months

KARACHI: With assets strength of $22.5 billion and equity of $2 billion, Al Baraka Banking Group (ABG) earned $207 million in the first nine months of ongoing fiscal year of 2014.

The bank’s results reflect the group had achieved growth in profitability and businesses despite financial and economic uncertainty both at regional and international level. According to the group, the achievement is the outcome of well thought out initiatives taken during the year including improving the quality of products and services, expanding the branch network of subsidiary units and technical infrastructure both in relation to the group and subsidiary units, it said.