The bank reported that its net profit for the first nine months of this year increased by 52 percent to 48. 59 million dinars (156. 55 million dollars), from 31. 89 million dinars (102. 74 million dollars) in the same period last year, according to a statement to the Kuwait Stock Exchange on Wednesday.
The growth in net financing revenues and net fees and commissions revenues, which is primarily 30 September 2022, is what Boubyan Bank attributed to the rise in net profit for the first nine months of this year.
In the first nine months, net finance income totaled 8.24 million dinars (26.55 million dollars), and fees and commissions revenue came to 4.67 million dinars (15. 05 million dollars).
The net profit of the Kuwaiti Boubyan Bank increased by 82 percent in the second quarter of this year, to 16. 13 million dinars (about 52. 5 million dollars) in the second quarter of this year compared to 8. 84 million dinars (28. 48 million dollars) a year ago.
The bank reported that its net profit in the first half of this year climbed by 54 percent on an annual basis to reach 33. 08 million dinars in a statement to the Kuwait Stock Exchange at the end of last July (106. 58 million dollars)..
Profits at Kuwaiti Boubyan Bank increased by 49% in the third quarter.
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