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خبرني
Al Baraka Bank reports $16.1M profit in H1 2026
During the first half of 2026, ABC Islamic Bank achieved a net profit of $16.1 million, marking a 40.3% decrease compared to the same period in 2025, due to increased provisions for expected credit losses. At the same time, its total operating income grew by 3.2% to $92.5 million, and its profits before provisions increased by 7.9%. Despite the decline in net profit, the bank maintained financial stability with a strong capital adequacy ratio of 33.1%. The bank reaffirmed its focus on enhancing operational resilience and financial stability amidst challenging economic conditions and rising credit loss risks.
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