Kuwait's Burgan Bank achieved annual profits of 84.68 million dinars last year, compared to profits of 82.58 million dinars in 2018, with a slight increase in profits by 2.5%. < / p>
The bank said in a statement to the Kuwaiti Stock Exchange today, Sunday, that the earnings per share reached 24.1 fils last year, compared to 29.6 fils per share at the end of 2018. p>
The bank said that last year's rise in profits was due to lower operating expenses and a decrease in provisions for credit losses.
According to the results, the profits of the bank in the fourth quarter of 2019 amounted to about 17.228 million dinars, compared to profits of 11.619 million dinars in the same period of 2018, an increase of% 48.3%.
The bank’s board of directors recommended distributing 12% cash dividends for the previous year at 12 fils per share, with a total value of 31.44 million dinars. p>
