KARACHI – Al Baraka Bank Pakistan announced a remarkable increase of 177pc in total operating income in year 2011. Shareholders equity enhanced by 6.6pc, total assets also increased by 19pc, total customer deposits including IAH by 24.8% and financing and investments by 28% at the end of 2011, says a press release.

The year 2011 was another difficult year for the Pakistani economy. However, the Bank’s financial statements for year 2011 show that the total operating income went up by 177% to reach PKR 2.2 billion. After deducting operating expenses, which increased by less than 21%, net income showed a record increase of 140% and touched PKR 410 million in 2011.