Arab Today, arab today kuwait\s boubyan bank announces 20 growth
Last Updated : GMT 16:24:29
Arab Today, arab today
Arab Today, arab today

Kuwait\'s Boubyan Bank announces 20% growth

Arab Today, arab today

Arab Today, arab today Kuwait\'s Boubyan Bank announces 20% growth

Kuwait - KUNA

Kuwait\'s Boubyan Bank announced on Monday that its net profit for 2012 reached KD 10 million, a growth of 20 percent, compared to earnings of 2011. Profit per share amounted to 5.75 fils, said Chairman and Manager Director Adel Al-Majed in a statement on Monday. The bank board has advised distribution of five percent of the shares as a grant, for the first time since 2007. Al-Majed said the bank\'s earnings have continued to grow since 2010, adding that last year witnessed resumption of distribution of dividends to share-holders. Boubyan Bank, since the strategic changes it had witnessed in 2009, when the National Bank of Kuwait became one of is major owners, has proven ability of competition in the services and Islamic products\' markets. Al-Majed indicated that the bank had succeeded in achieving many of the goals of its strategy, drawn up for the 2010-2014, such as expanding the base of work, dependence on banking activities such as services, products and financing solutions and pursuing a conservative policy for building allocations. Boubyan Bank\'s share in the financing operation in the local market grew 4. 7 percent, same level recorded in 2011, in contrast to 2.3 percent in the end of December, 2009. The chairman also listed a chain of positive signs of the bank financial results, namely increase of the net financing proceeds, reaching KD 53 million compared with KD 40 million of 2011, with a 33 percent rise, in addition to increasing the clients\' deposits to KD 1.4 billion in contrast to KD 1.2 billion. Overall assets grew, in the end of December 2012, to KD 1.9 billion as compared to KD 1.5 billion. Overall value of shareholders\' rights reached KD 254 million, compared with KD 244 million.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait\s boubyan bank announces 20 growth Arab Today, arab today kuwait\s boubyan bank announces 20 growth

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait\s boubyan bank announces 20 growth Arab Today, arab today kuwait\s boubyan bank announces 20 growth

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 10:39 2017 Monday ,26 June

Authorities release Assala under conditions

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday