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ABC Islamic Bank Announces 23 per cent Increase in 2014 Year-End Net Profit of $15.1 Million

Total operating income rose to $22.2 million, increase of 22.7 per cent over last year, positively covering a 22.4 per cent increase in expenses of $6.8 million. The comparative increase in expenses was mostly due to a one-off write back in 2013 and some proportionate increase attributable to new hiring…

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