Boubyan Bank increases net profits to KD 41.3mln for H1 of this year

Boubyan Bank increases net profits to KD 41.3mln for H1 of this year

At a Growth Rate of 25% The Bank Received Many International Awards and Rankings Due to Its Achievements across Various Business Sectors Boubyan Turned into a Banking and Digital Powerhouse in Kuwait and the Region Boubyan Bank maintained its outstanding financial results as the bank recorded KD 41.3 million during H1 of this year, at a growth rate of 25% compared with past year, while the earnings per share amount to 9.65 fils. Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, Mr. 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