Financial and Banking News
Burgan Bank Increases Profits
Burgan Bank, which is the youngest of Kuwait's six major commercial banks,has declared an 11.3% increase in its profits to KD6.11mn, which represents thehighest profits earned by the bank during the last five years. The profitsenabled it to increase its total dividend distribution to shareholders whileincreasing reserves. Like all the other banks - with the exception of NationalBank of Kuwait -...