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Burgan Bank posts steep decline in annual, Q4 earnings

: Tuesday, February 25 - 2014 @ 02:36

Kuwaiti lender, Burgan Bank has reported its fourth-quarter net profit dropped to KD2.52m ($8.9m), compared with KD9.22m in the corresponding period of 2012, Reuters has reported. The lender, 58% owned by conglomerate Kuwait Projects Co, said its 2013 net profit also fell 63.8% to KD20.1m, compared with the previous year, without giving details on why its annual profit was lower.

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Tuesday, February 25- 2014 @ 2:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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