Bloomberg News

Boubyan Bank Third-Quarter Net Rises 67% to 2.49 Million Dinars

October 12, 2011

Oct. 12 (Bloomberg) -- Boubyan Bank KSC posted a 67 percent increase in third-quarter profit to 2.49 million dinars ($9 million) compared with a year earlier, according to a statement to the Kuwait bourse today.

The lender’s nine-month net income rose 53 percent to 6.9 million dinars, it said in an e-mailed statement earlier today.

--With assistance from Inal Ersan in Dubai. Editors: Inal Ersan, Peter Branton

To contact the reporter on this story: Dahlia Kholaif in Kuwait at dkholaif@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net


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