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Burgan Bank 79% H1 profit surge
- Kuwait: Monday, July 16 - 2007 at 10:27
Kuwait's Burgan Bank has reported a 79% surge in profit to $160m for H1 2007, compared with $89m in the same period last year. Operating revenues rose by 70% to $241.6m, which the bank said was mainly due to a growth in non-interest income. Earnings per share increased by 76% to 56.6 fils and return on equity reached 34.4%. The bank held assets worth $9.7bn at the end if June.
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James McInerney, News EditorMonday, July 16 - 2007 at 10:27 UAE local time (GMT+4)
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