The financial statements of Burgan Bank showed an increase in the bank's profits in the first half of this year by 6% year on year.
According to the bank's results for the Kuwaiti Stock Exchange, today, Wednesday, the profits for the period amounted to 24.020 million dinars, compared to profits for the first half of 2020 of 22.746 million dinars.
The bank said in a statement to the stock exchange that the increase in profits during the comparative periods was mainly due to the increase in net operating income.
The bank achieved total operating income during the first half of this year by about 112.024 million dinars, compared to 107.589 million dinars for the same period in 2020, an increase of 4%.< /p>
The bank recorded profits of 18.960 million dinars in the second quarter of this year, with a significant jump in profits by 244%, compared to 5.515 million dinars in profits for the same period of last year.
Burgan Bank's profits fell by 71% in the first quarter of this year; To reach 5.06 million dinars, compared to profits for the same period in 2020 of 17.231 million dinars.
