The results showed that the bank's quarterly profit increased by 16.4% compared to the first quarter's profits of 12.56 million dinars at the time, equivalent to $ 41.3 million.
The bank's operating profit reached 37.21 million dinars in the first quarter of this year, an increase of 8.9% compared to the same period last year, with revenue of 34.18 million dinars.
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The bank achieved operating profits of 22.87 million dinars in the first quarter of 2019, compared to profits of about 20.53 million dinars for the same period in 2018, an increase of 11.3%. < / p>
The bank stated that the increase in quarterly profits during the comparative periods is mainly due to the increase in operating revenues by an amount of 3.04 million dinars, which came with an increase in net investment income and a growth in net fees and commission income.
It is worth noting that the Boubyan Bank profits increased by 18% in the past year, to reach 56.11 million dinars compared to the profits of 2017, which amounted to 47.61 million dinars.
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