Mubasher: The market share of Boubyan Bank from financing in general increased to 8.3% in the current period, the chairman and CEO of the bank Adel Abdulwahab Al Majed said in a statement on Monday.
Boubyan Bank’s share from financing individuals grew to about 11% in the second quarter of 2018, Al Majed said.
The bank’s credit portfolio achieved an increase of 11% by attracting a number of operating companies known for their financial and economic solvency.
Boubyan Bank’s main indicators registered an incline until the end of the first half of 2018 as total assets grew by 12% to KWD 4.2 billion.
In the first six months of 2018, operating revenues increased by 18% to KWD 71 million, Al Majed added.
The shareholders’ equity rights increased to KWD 378 million in 6M-18 compared to KWD 352 million in 6M-17 in line with a growth of 13% in the financing portfolio to KWD 3.1 billion, the chairman said.
