Burj Bank Limited (Burj) has announced its half yearly results for the period ended June 30. The Bank's profit before tax is Rs 147 million. The profit announcement reflects a turnaround of Burj Bank with continuous earning for the first two quarters of 2012.
The total deposits of the bank grew by 57 per cent to Rs 32 billion in the first six months of 2012. Addressing a gathering of corporate clients of the Bank, Khaled Al-Aboodi - Chairman Burj Bank congratulated the management team on the excellent half yearly performance and expressed the long term commitment with Burj Bank on behalf of all the Directors.
He said that "In the face of significant challenges, we have Alhamdulillah made remarkable progress. Our Bank, despite the political and economic hardships, continued its strategy of achieving growth in prudently selected quality earning avenues. I can confidently say that this is only the beginning as we gear ourselves towards reaching new horizons in Islamic Banking."
Khaled Al Aboodi is the CEO of ICD which is the private sector arm of Islamic Development Bank Jeddah, and the largest shareholder of the Bank. On the occasion, Ahmed Khizer Khan, President & CEO of Burj Bank acknowledged the Chairman, the Board of Directors & the Bank's Customers for their continued support & trust.-PR
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