The Bahrain based leading Islamic banking group, Al Baraka Banking Group B.S.C (ABG) announced that it had posted a net profit of US$ 48.3 million in the first quarter of 2010, an increase of 13% over the profit of the first quarter of 2009………. Mr. Adnan Ahmed Yousif, President & Chief Executive of Al Baraka Banking Group, Chairman of Al Baraka bank Lebanon,  and recently listed as one of the world’s 50 most influential Arabs, said "The outstanding results that we achieved during the first quarter of 2010 highlight once more our determination to continue to invest our substantial financial resources and expertise and the wide geographic network of the subsidiary units of the Group in maximizing the returns to our shareholders and the investors in the Group by implementing short and medium term business strategies based on improving the quality of our products and services, offering more innovative products, expanding the branch network of the Group subsidiary units, which is around 300 branches in twelve countries, strengthening the relationship with our partners, investors and customers and entering new markets, as well as modernizing and developing the human, operational, regulatory and technical infrastructures at the Group and subsidiary banking units levels".