Kuwait-Mubasher: Burgan Bank achieved a growth of 23% in profits of the fiscal year 2015 as compared to 2014, according to an issued statement.
The Kuwaiti bank reported profits worth KWD 76 million ($252.4 million) during in FY15, compared to KWD 61.8 million ($205.2 million) in FY14.
The board has recommended distributing 18 fils per share.
Burgan’s operating revenues reached KWD 222 million ($738.28 million) during the fiscal year of 2015 as compared to KWD 248 million ($824.75 million); an increase of 12%.
The statement noted that these financial results included Burgan Bank group in Kuwait and its subsidiaries, with a regional network consisting of 180 branches.
