Kuwait-Mubasher: The default loans granted by Boubyan Bank reached less than 1% until the end of the first half of 2016; this percentage is the least among local banks in Kuwait, deputy CEO of Boubyan Abdul-Salam Al-Saleh said according to an issued statement.
The bank has participated in financing a number of government projects, the deputy CEO added in an interview with CNBC Arabic, the statement added.
Furthermore, Boubyan has took part in the sukuk recently issued by the finance ministry on behalf of the Kuwaiti government, Al-Saleh noted.
Boubyan’s finance portfolio has grown due to the expansion of clients baseline as well as funding projects recently offered by the government, the statement said.
