Boubyan Bank 3Q18 highlights: Earnings grow 19% Y-o-Y and 10% Q-o-Q
Boubyan Bank, the Islamic banking subsidiary of NBK (58.4% stake), issued a few key highlights of its 3Q18 results. Earnings grew a strong 19% Y-o-Y and 10% Q-o-Q to KWD14.6mn in 3Q18, while revenues grew 8% Y-o-Y (-6% Q-o-Q) during 3Q18. Assets grew 12% Y-o-Y and 3% Q-o-Q. Boubyan contributes by c15% to NBK’s earnings and c16% to NBK’s assets.
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