PRESSR: Boubyan Bank records KD 26.5mln in net profits for Q1 2025

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

Profit Before Tax Grew by 22% to KD 31.4 MillionAdel Al-Majed:Boubyan Maintains Its Solid Financial Position & Profit Growth, and Expands Retail, Corporate, and Wealth Management ServicesFifteen Consecutive Years of Excellence and Exceptional Quality Customer Service atop the Islamic Financial Sector in KuwaitEmpowering Entrepreneurs via Well-Studied Strategies and Partnerships That Develop Business Environments and Boost InnovationBoubyan Bank has announced its financial results for Q1 of this year. The bank recorded KD 26.5 million in net profits at a growth rate of 6% compared with the same period of the past year, with Profit Before Tax “PBT” amounting to KD 31.4 million at a growth rate of 22%, while the earnings per share amount to 5.31 Fils.Mr. Adel Al-Majed, Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, commented: “Boubyan has succeeded and excelled in achieving its strategic goals, thus maintaining its solid financial position, strong profitability and operational performance, while expanding its banking and wealth-management services.”He pointed out: “Boubyan Bank's financial indicators during Q1, 2025 demonstrated positive results and significant growth, where the bank’s assets grew to KD 9.7 billion at a growth rate of 12% compared with last year, while the bank’s financing portfolio grew by 12% to reach KD 7.3 billion, whereas the bank’s market share of local financing increased to 12.14%.” “The bank continues with the implementation of its 5-year strategy ‘Boubyan 2028’, which focuses on pursuing sustainable profitability and maintaining the adoption of digital transformation standards, innovation, and resilience as a key driver to improve operational efficiency. This aims to instill the values of the strategy across the Group and to ensure the growth of all concerned parties, including employees, customers, shareholders, and the community as a whole.”, he added.** Leaders of Quality Service for 15 Years in a RowAl-Majed emphasized: “Boubyan’s management is constantly seeking to improve the quality of services and products to boost and enrich a banking experience based on quality, quick service, and attention to details. The bank sets its eyes on customer experience as a key pillar of its day-to-day operations to ensure catering for customers’ needs and exceeding their expectations.”Boubyan Bank has recently received the “Bes...

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