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Ithmaar Bank, $183.8m profit
- Bahrain: Monday, February 26 - 2007 at 16:09
Bahrain's Ithmaar Bank has posted a net profit of $183.8m for 2006, a five-fold increase from the $37.6m earned the previous year. The cost to income ratio fell from 69% to 41%, while total assets rose to $3.2bn at the end of the year, up from $442m at the end of 2005. Funds under management now total $1.1bn.
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Jonathan Sheikh-Miller, Deputy EditorMonday, February 26 - 2007 at 16:09 UAE local time (GMT+4)
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This article was updated on Tue Mar 27 2007.
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