Kuwait-Mubasher: Boubyan Bank achieved a 23.5% increase year-on-year in profits for the first quarter in 2016, according to a statement.
The Kuwait-listed bank reported earnings worth KWD 9.1 million ($30.13 million) in Q1-16, compared to KWD 7.37 million ($24.4 million) in Q1-15.
The growth in Q1 profits was derived from KWD 3.85 million ($12.75 million) higher operating revenues, Boubyan added in the statement.
On the stock market, Boubyan gained 2.44% to settle at 420 fils early in Thursday’s session, after nearly 402,610 shares were traded with a value of about KWD 168,190.
