Contrasting fortunes in UK as sector regroups for 2011.
BLME CEO Humphrey Percy has something to be happy about-his bank climbed from a Au13.2m loss last year to a pre-tax profit of Au3.6m for the six months to 30 June 2010. Chairman Yacob Al-Muzaini, while remaining cautious, is confident that the wholesale bank will meet the challenges of the uncertain economic outlook for the rest of 2010.
IBB, on the other hand, continues to cite "the challenging economic environment" that continues to impact the bank's financial performance. Compared to the same period in 2009, IBB fared exactly Au278,354 better, posting a loss of Au4.3m.
Copyright Islamic Banking & Finance. All rights reserved.
Provided by Syndigate.info an Albawaba.com company
|Printer friendly Cite/link Email Feedback|
|Publication:||Islamic Banking & Finance|
|Date:||Feb 20, 2011|
|Previous Article:||South Africa jockeys for position as the 'gateway' to Islamic finance in sub-Sahara.|
|Next Article:||Turkey develops sukuk while Malaysia reboots its programme.|