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  • 20-10-21

    Kuwait’s Boubyan Bank net profits increase 37 percent in 2021

    (MENAFN)During the January-September period of 2021, Kuwait’s Boubyan Bank net profits increased by 37 percent as operating profits marked a development of 18 percent to stand at 140 million dinars (USD145.8 million).

    Fees and commissions were the biggest support for the bank’s performance in the last three months, as the progression rate surpassed 25 percent, as well as the financing portfolio that increased by 18 percent, according to Abdullah Al-Tuwaijri, CEO of personal and digital banking services at the bank.

    The bank’s current assets surpassed 7 billion dinars and its market share in individual services sector amounts at about 15 percent, the official further declared.

    Also; the bank is aiming to enlarge its digital services with a focus on fintech and is planning to work on developing a framework for environmental, social and governance standards.

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