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Boubyan Bank posts 18% rise in net profit in H1

Kuwaiti lender Boubyan Bank has said its net profit for the first half of 2012 rose 18% to KD5.2m, compared with a net profit of KD4.4m for the same period of last year, Kuwait Times has reported. Total assets during the first six months of the year also climbed 19% to KD1.73bn from KD1.45bn. Customers' deposits also rose by 19% to KD1.3bn, compared with KD1.1bn, the bank said.