Ithmaar Bank net profit hits $4.8 million

Bahrain-based Islamic retail bank Ithmaar Bank, yesterday announced a total net profit of $4.84 million for the nine-month period ended September 30 this year, compared with a net loss of $11.97m for the same period last year.


Egypt's EFG Hermes posts 57 pct rise in Q3 profit

The company said profit was boosted by its core investment banking operations, with revenue growth in fees and commissions from its securities brokerage, investment banking, asset management and private equity operations.


Turkey's Bank Asya falls to Q3 loss

Turkey's BankTurkey's Bank Asya on Tuesday posted a third-quarter net loss on loan provisions and a shrinking balance sheet but said its operations were healthy despite political turmoil that has surrounded it for much of the year.ya falls to Q3


LMC net profit hits $3.4m

Wholesale Islamic bank Liquidity Management Centre yesterday announced a net profit of $3.38 million for the first nine months of this year ended September 30, compared with $2.80m for the same period last year.