Islamic Bank of Britain lowers annual net loss, provides outlook for 2011

Islamic Bank of Britain PLC has reported a loss attributable to owners of the company of 0.63 pence per share, for the year ended December 31, 2010 compared to a loss attributable to owners of the company of 1.8 pence per share, for the year ended December 31, 2009. The company has also provided its outlook for 2011.
Islamic Bank of Britain said that the market conditions look set to persist into 2011 and the directors and management will continue to identify opportunities to mitigate the adverse effects.

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