Al Baraka Bank (Pakistan), a banking unit of Al Baraka Banking Group, posted 19% growth in net profits during the first nine months of 2015 as compared to the same period of 2014.
Meanwhile, after tax reduction, net profits amounted to 195 million Pakistani Rupees in nine months.
The bank said in a statement that 2015 has been a tough year for the Pakistani economy and banking sector; however, the bank managed to improve and diversify its income sources.
Net operating profits stood at 2.4 billion Pakistani Rupees in the first nine months of 2015, an annual increase of 6.6%.
