Boubyan Bank of Kuwait’s net profits increased by about 19 percent during the second quarter of this year.
The bank announced in a statement, on Wednesday, that it achieved a net profit of 24.618 million dinars ($80.55 million) in the second quarter of 2024, compared to an amount of 20.66 million dinars in the same period of 2023, an increase of 19 percent.
Boubyan Bank said in a statement on the Kuwait Stock Exchange website that its semi-annual net profit amounted to 49.61 million dinars in the first half of the current year, compared to 41.273 million dinars a year ago.
On the other hand, the National Bank of Kuwait said on Wednesday that it achieved a net profit of 145.844 million dinars ($477.19 million) in the second quarter of the current year, compared to 141.144 million dinars in the same period of 2023, an increase of 3.3 percent.
The bank also said, in a statement to the Kuwait Stock Exchange, that its semi-annual net profit amounted to 292.425 million dinars in the first half of 2024, compared to 275.347 million dinars a year ago.
The Board of Directors decided to distribute semi-annual cash dividends of ten fils per share for the first six months of 2024.
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