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Ahlibank eyes 10 Islamic banking branches in a year

Oman's Ahlibank has said its net profit for the six months ended June 30, 2012, jumped 36% to OR11.84m from OR8.70m in the same period last year, AFP has reported. Total assets at the end of the second quarter of this year climbed 21% to OR1.05bn representing, compared with OR880m during the same period last year. The bank announced plans on Monday to launch four branches under its Al Hilal Islamic Banking brand, with plans to open up to ten branches over the following 12 months.