Kuwait’s Burgan Bank Q1 Profit Rises 48%

Kuwait’s Burgan Bank said its net profit in the first quarter of this year rose by 48% to KD17.5m, compared with KD11.8m in the same period a year ago.

Overall operational earnings in the first quarter of this year increased to KD26.6m from KD23m recorded during the same period of the previous year.

Clients’ deposits grew by 9% year-on-year to KD3.04m. Loan portfolios also jumped 7% to KD2.406m, KUNA reported.