Al Baraka Banking Group Q2 income up 13%

Dubai: Bahrain-based Islamic lender Al Baraka Banking Group posted a 13 per cent rise in quarterly net income, the bank said on Sunday.

Second quarter net attributable income rose to $38 million (Dh139.57 million) in the three months to June 30, compared with $34 million in the same period of 2011, the bank said in a statement.

For the first half of the year, net attributable income stood at $70.8 million versus $64.4 million in the corresponding period last year. Net income for the six months to June 30 was $121 million, up 10 per cent on the $110 million achieved a year ago.