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Islamic Finance Briefing - Categorized | Banking, Performance more

Burgan Bank profits increased in 2010

Posted on 18 February 2011

From Albawaba.com: Kuwait’s Burgan Bank has announced improved financial results for the year ended December 31st, 2010. The bank posted KD 4.7 million (US$15.6 million) of net profit. The fourth quarter results amounted to KD 7.7 million, doubling third quarter results of KD 3.8 million and showing a strong trend performance.
The bank has reported operating profit of KD 99 million for the year. The Board of Directors recommended 5% free Bonus shares subject to the approval of the Annual General Assembly……………………………………….Full Article: Source

 
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