Profits of Burgan Bank increased 140% in the first quarter

The profits of Kuwaiti Burgan Bank increased in the first quarter of questyear by 140 percent, compared with the same quarter last year, reaching 12.1 million dinars.

The quarterly profit exceeded analysts’ average expectations by 10.9 million dinars.

The bank attributed the growth in profit to an increase in operating income and a decrease in provisions for credit losses.

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