Kuwait City, Kuwait– The Boubyan Bank of Kuwait has reported KD 57.8 million ($189 million) in net profits for the year 2022 with a growth rate of 19 percent.
The bank has announced to pay shareholders 6 fils in cash dividends and 6 percent in bonus shares. Chairman Boubyan Bank Abdulaziz Abdullah Al-Shaya said the total consolidated assets of Boubyan Bank Group increased to KD 7.9 billion at a growth rate of 7 percent.
The bank said 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 to reach KD 201 million.
