Arab Today, arab today burgan bank group continues to record solid consistent performance
Last Updated : GMT 06:21:51
Arab Today, arab today
Arab Today, arab today

Burgan bank group continues to record solid, consistent performance

Arab Today, arab today

Arab Today, arab today Burgan bank group continues to record solid, consistent performance

Burgan bank
Kuwait - KUNA

Burgan Bank Group announced on Wednesday its first half results for the financial year 2014.
Burgan Bank Group reported net income of KD33.3 million for the first half of the financial year 2014 reflecting 19.4% growth from the same period in 2013.
A bank statement said that compared to the same period last year, Burgan Bank Group continues to demonstrate solid and consistent performance, Operating income up to reach KD 130.5 million from KD 127 million while Operating Profits before provisions reached KD 72.7 million from KD 71.2 million. It added that total Assets grew by 4.6% to reach KD7.5 billion and total equity grew by 9.8% to reach KD 680.7 million. Earnings Per share (EPS) grew by 18.3% to reach 20 fils compared to an EPS of 16.9 fils reported in 2013.
Majed Essa Al-Ajeel, Chairman of Burgan Bank Group said: "Once again, our focus and prudent approach at optimizing the group's operating performance to yield higher underlying returns despite the hazy economic scene and volatile regional operating environment is paying off.
He said that the solid performance keeps in enabling us to build extra precautionary and counter cyclical reserves, a step that is highly encouraged and welcomed by the Central Bank of Kuwait. "Our Balance sheet continues to be strong and healthy and allowing us with the support of the international operations to generate resilient streams of income. Burgan Bank Group's international operations continue to register a year - on - year profitability and consist 48.2% of the Group's revenues reflecting the soundness of the diversification strategy into high growth markets." added Al-Ajeel.
"Our asset quality is on comfortable levels, the Non-Performing Assets (net of collaterals) to gross facilities ratio stands at 1.9 and our coverage (net of collateral) stands at 230%." he noted.

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 burgan bank group continues to record solid consistent performance Arab Today, arab today burgan bank group continues to record solid consistent performance

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
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