The first nine months of 2022 saw profits for the Kuwait Stock Exchange-listed Burgan Bank of 41.24 million dinars, up from 40.28 million dinars in the corresponding period of 2021, a 2% rise.
The bank said in a statement to the Kuwait Stock Exchange today that the decline in loan allocations was primarily responsible for the higher profits during the nine-month period ending September 30 compared to the comparative period.
In contrast to revenues of 166.6 million dinars in the comparable period from 2021, the bank reported operational revenues of 166.01 million dinars during the quarter.
Burgan Bank’s third-quarter profits decreased by 14% to a total of 14 million dinars this year, as opposed to 16.26 million dinars in the third quarter of 2021.
Burgan Bank made profits of 27.24 million dinars in the first half of this year as opposed to 24.
02 million dinars over the same time period the year before, an increase of 13% annually.
Profits at Burgan Bank increase to 41.24 million dinars, bolstering modest credit allocations.
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