Burgan Bank Posts 11.1 Million Dinar Quarterly Net Profit
Burgan Bank reported quarterly net profit of 11.1 million dinars and operating revenue of 63.3 million. Nine-month profit reached 22.2 million dinars, according to Reuters.
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what happened
Burgan Bank said its quarterly attributable net profit came to 11.1 million dinars, while total operating revenue reached 63.3 million dinars, Reuters reported. Over nine months, the bank's attributable net profit totaled 22.2 million dinars.
Operating expenses rose during the nine-month period. The bank also recorded a net monetary loss over those nine months arising from the application of IAS 29.
why it matters
Results from a single Kuwaiti bank typically draw interest from a narrow group of investors. Higher expenses alongside steady profit, and a monetary loss under IAS 29 that reflects inflation accounting, matter for judging the bank's profitability.
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sources
- Burgan Bank Qtrly Profit 11.1 Million Dinars — Reuters, 27 October 2026 at 15:01 UTC
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