PRESSR: Boubyan Bank Net Profits increase to KD52mln

About this update from Boubyan Bank K.s.c.

Profit Before Tax Grow by 18% to KD 60 Million…Assets Grow to KD 10 BillionAbdulaziz Al-Shaya:Financial Results Highlight the Effectiveness of Boubyan’s Strategy and Its Sustained GrowthYet Another Milestone to Demonstrate the Solid and Resilient Operating Business Model of the BankAdel Al-Majed:Boubyan Reinforces Its Position as the Third Largest Bank in Kuwait with Exceptional Growth… We Are Optimistic about Further MilestonesOur Strategies, Rooted in Excellence and Innovation, Prioritize High-Quality and Reliable Solutions and Services to CustomersBoubyan Bank has announced its H1 financial results for this year. The bank recorded KD 52 million in net profits, at a growth rate of 5%, compared with the same period last year, while Profit Before Tax (PBT) reached KD 60 Million at a growth rate of 18%, and the earnings per share increased to 11 fils.Commenting on the financial results, Boubyan Bank’s Chairman, Mr. Abdulaziz Abdullah Dakheel Al-Shaya, stated: “Boubyan Bank’s H1-2025 results reflect our ongoing success and demonstrate the resilience and robustness of the bank’s operational business model, which proved its adaptability amid the accelerating challenges and changes in the economic environment.”Outstanding Financial and Operational PerformanceAl-Shaya highlighted the key financial indicators recorded during H1, where the bank’s assets grew to KD 10 billion at a growth rate of 12% compared with last year, while the bank’s financing portfolio grew by 11% to reach KD 7.5 billion, and operating profit grew by 10% to KD 67 million, whereas the bank’s market share of local financing increased to 12.5%.He went on to add: “These results directly reflect the progress achieved in the implementation of ‘Boubyan 2028’ Strategy, which focuses on 4 key pillars, namely: well-planned expansion domestically and regionally, offering innovative digital banking solutions, improving the efficiency of operations, and reinforcing the concepts of comprehensive sustainability.” “The results further highlight the soundness of the strategy adopted by the bank, which focuses on continued success and maintaining sustained performance levels, thus reinforcing the bank's status as one of the most prominent Islamic banks in the region that keeps up with the expectations of customers and shareholders.”, he added.Al-Shaya pointed out: “We are confidently looking forward to the ...

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