ABPL declares pre-tax profit of Rs.505 mn 1st year after merger

02 Nov, 2011

Al Baraka Bank Pakistan branch network has increased to 89 branches spread over 37 cities and plans to strengthen the same further.  Mr. Shafqaat Ahmed, Member of the Board of Directors and Chief Executive of Al Baraka Bank (Pakistan) Limited, accentuating the financial soundness of the entity said, “These results depict our determination to continue investing our substantial financial resources and expertise in maximizing the returns to our shareholders and the investors.”

Al Baraka Bank (Pakistan) Limited (ABPL) is a part of Al Baraka Banking Group (ABG), the leading international Islamic banking group in the gulf region, listed on Bahrain and NASDAQ Dubai Stock Exchanges. The group has a wide geographical presence in the form of subsidiary units and representative offices spanning from Europe to MENA and Asia, with a network exceeding 400 branches in 13 countries.

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