Boubyan Bank distributes 6% in cash dividends and 6% in bonus shares

Boubyan Bank distributes 6% in cash dividends and 6% in bonus shares

KUWAIT: Chairman of Boubyan Bank Abdulaziz Abdullah Dakheel Al-Shaya reiterated the bank’s ongoing endeavors to achieve excellent and accelerating growth of financial indicators and market shares in a manner that benefits all its shareholders and the Kuwaiti economy, in addition to focusing on quality customer service and upskilling the bank’s human resources, which turns Boubyan into a banking and digital powerhouse in Kuwait and the region.

In his word before the bank’s general assembly held with an attendance of 83.1 percent, with physical and electronic attendance by shareholders, Al-Shaya said that Boubyan concluded last year by recording KD 57.8 million in net profits at a growth rate of 19 percent with a earnings per share of 14.2 fils. Moreover, the bank continued its prudential approach by allocating KD 43.6 million in provisions.

He added: “All of the bank’s key indicators witnessed a remarkable growth in 2022, where the total combined assets of Boubyan Bank Group increased to KD 7.9 billion at a growth rate of 7 percent. Moreover, the total of customers’ deposits grew by 6 percent to reach KD 6 billion while the financing portfolio grew by 7 percent to reach KD 5.9 billion and operating income grew by 7 percent