The bank's revenues amounted to KWD 116.3 million ($382 million) in H1-19, while the return on equity rose 10.7%, the Kuwait News Agency (KUNA) reported on Wednesday.
"Strong revenue levels were delivered due to a stable net interest margin of 2.8%. Burgan continues to focus on operating efficiency, thereby maintaining its Cost-to-Income Ratio at 42.1%," chairman of Burgan Bank, Majed Al-Ajeel, commented.
Burgan Bank Group has 164 branches across Kuwait, Turkey, Algeria, Iraq, Tunis, and Lebanon, along with and representative office in Dubai.
Burgan Bank reported a 10.8% year-on-year increase in revenue during the full year 2018, recording KWD 265.3 million ($878.1 million).
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