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Barwa Bank sees 52% net profit rise

Qatar's Barwa Bank has posted a 52% surge un net profits in the first half of the year compared with the figures in December 2011, Gulf Times has reported. Net income jumped to QR162m on June 30 from QR109m in the first half of 2011, the lender said. Total assets increased by 12.5% to QR21.5bn on June 30 from QR19bn as on December 31, 2011, due to a 30% growth recorded in the customer financing portfolio to QR12bn, against QR9.2bn as on December 31, 2011, Barwa said.