Boubyan Bank's consumer finance at 4 pct - Chairman

31/01/2012 13:56 AST

Boubyan Bank's share in consumer finance has reached four percent as oppose to the one percent when the bank was opened in 2009, said Chairman of the Board and CEO Adel Al-Majed here Tuesday.

Al-Majed said in a press release that the bank managed to organize its budget, noting that would enable Boubyan to distribute profit to share holders within 2012-13 after approval from auditory authorities.

Boubyan Bank has recently announced financial results for 2011 with the bank achieving net profit of KD eight million, an increase of 31 percent from 2010.


KUNA

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