LONDON, April 6 (Reuters) - UK based Islamic bank in London and the Middle East (BLME) is concentrated on expanding his young company to manage the wealth of this year as it works on the waiting list the London Stock Exchange in 2010.
The Bank, in accordance with Islamic principles in terms of credit, is expected to demand the continuation of Islamic finance in 2009, but development in the slower pace of growth in 2008, "chief executive Humphrey Percy said on Monday.
The bank, founded in 2006, an increase in operating profit of 5.8 billion pounds ($ 8.65 billion) last year on strength in its markets, corporate banking and asset management departments.
BLME said operating profit before management expectations. The representative declined to provide details.
The Director General said in the annual report of the Bank adequately capitalized after the 75 million pounds of funds in 2008.
Now preparing to list the LSE in 2010, Percy, said in a statement after the test and delayed plans for the young London Stock Exchange, AIM, in 2009.
The representative said that the Bank Wealth Management, the Bank has recently started to offer, it will be a "priority" this year.
"In our asset management, as well BLME exercise the functions of fund management services and specialist third party fund manager, said Percy.
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