Al Baraka Bank Pakistan, a subsidiary banking unit of Al Baraka Banking Group, announced that it had achieved a growth of 19% in its net profit in the first nine months of 2015 compared to the same period of 2014.

The financial results of the Bank showed an increase in total operating income by 6.6% to PKR 2.4 billion for the first nine months of 2015 compared to the same period in 2014. After deducting operating expenses, provisions & taxation, net profit reached PKR 195 million (US$1.87 million) for first nine months of 2015, an increase of 19% compared to same period in 2014.

As at the end of September 2015, the Bank’s assets totalled PKR 93 billion (US$ 890 million), as compared to total assets of December 2014 amounting to PKR 94 billion (US$ 899 million).