Boubyan posted KD 3 million net profit in the first half (H1) of 2010

Boubyan Bank posted a net profit of KD 3 million in the first half of this year, compared to a net loss of 11.7 million Kuwaiti Dinars for the first half of last year, that of which 1.4 million profit in the second quarter of 2010.

The Bank’s Total Assets witnessed a growth to 1.2 billion Kuwaiti Dinars compared to KD 943 million for the first half of 2009. Moreover, the total value of the bank’s equity amounted to KD 237 million in comparison with KD 129, which means that the average bank's capital adequacy reached 30.32% against the minimum percentage required by the Central Bank of Kuwait, which is 12 %.