Boubyan Bank increases net profits to KD 41.3 million for H1 of 2023

Boubyan Bank increases net profits to KD 41.3 million for H1 of 2023

KUWAIT: Boubyan Bank maintained its outstanding financial results as the bank recorded KD 41.3 million in net profits during H1 of this year at a growth rate of 25 percent compared with past year while the earnings per share amounted to 9.65 fils. Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer Adel Al-Majed stated: “Thanks to Almighty Allah, we finished H1 of this year with positive results, which are the fruit of our successful expansion plans and the increase in our market share, in addition to our diversified offerings and innovation to achieve sustainable growth based on clear bases and approach.”

“Through well-studied steps, Boubyan managed to be among the early Islamic financial institutions to consider digital transformation to be the fulcrum of regional expansion and the upgrade of the digital infrastructure, thus driving Boubyan’s digital products and services towards new regional markets, and achieving more growth to reinforce its leadership and status as a leading digital Islamic financial institution,” he added. Al-Majed thanked the executive management for their efforts as well as all bank’s staff who are highly professional. He went on to recognize their efforts towards achieving the best results and positive indicators across all areas, making this year