Financial results for the 3rd quarter of 2009

Boubyan Bank announces the financial results for the 3rd quarter of 2009 with unrealized losses of KD 17.2 million and with unrealized losses for the ended 3 months KD 5.5 million at (4.7) fils per share as of 30th September of 2009. Total income with the related parties for the same period is KD 2 million, the total expenses with the related parties is KD 467 thousands. In addition, 3rd quarter losses, shall not affect distribution of profits to depositors, as such profits are normally deducted before computing the Bank's financial results.  

“Provisions amounting to KD 29 million have been made to reinforce the financial position of the bank that incurred unrealized losses of KD 17.2 million as of 30th September  2009, as exceptional not operating losses".

The Bank wishes that next period would be of favorable returns for both the shareholders and clients.