Al-Shal: Boubian Bank's assets grow by 7.9% to reach KD 11 billion
Al-Shal report reveals Boubian Bank's profits rose by 5.4% and its assets grew to KD 11 billion.
Translated by Qiyas from الجريدة — Original source
The “Ash-Shal” report highlighted Bank of Kuwait and the World (Boubyan) announcement of its results for the first nine months of the current year, which showed the bank achieved net profits (after tax deduction) of approximately 82.2 million dinars, an increase of 4.2 million dinars, or 5.4%, compared to approximately 77.9 million dinars for the same period in 2025.
In detail, the rise in net profits is attributed to the increase in total operating revenues exceeding the rise in total operating expenses.
Total operating revenues for the bank increased by approximately 11.7 million dinars, or about 5.9%, reaching approximately 209.6 million dinars, compared to approximately 197.9 million dinars for the same period in 2025.
Total operating expenses rose in absolute terms by an amount lower than the increase in total operating revenues, by approximately 2.3 million dinars, or 2.4%, reaching approximately 99.5 million dinars, compared to approximately 97.2 million dinars in the same period of 2025, with the increase covering all operating expense items.
The ratio of total operating expenses to total operating revenues stood at approximately 47.5%, down from approximately 49.1%.
The net profit margin decreased slightly to approximately 39.2%, compared to approximately 39.4% during the same period in 2025.
Financial data from the bank indicate that total assets recorded an increase of 809.6 million dinars, or 7.9%, reaching approximately 11.011 billion dinars, compared to approximately 10.201 billion dinars at the end of 2025.
The increase in total assets amounted to approximately 803.4 million dinars, or 7.9%, when compared to the same period in 2025, when it stood at 10.207 billion dinars.
The Islamic customer financing item rose by 673.1 million dinars, or 8.8%, reaching approximately 8.353 billion dinars (75.9% of total assets), compared to approximately 7.680 billion dinars (75.3% of total assets) at the end of 2025.
It also increased by approximately 10.1%, or 766.4 million dinars, compared to the same period in 2025, when it stood at approximately 7.586 billion dinars (74.3% of total assets).
The deposits with the Central Bank of Kuwait item also rose by 101.5 million dinars, or 27.9%, reaching approximately 464.9 million dinars (4.2% of total assets), compared to approximately 363.4 million dinars (3.6% of total assets) at the end of 2025.
It increased by approximately 56.3%, or 167.4 million dinars, compared to the same period in 2025, when it stood at approximately 297.5 million dinars (2.9% of total assets).
Figures indicate that the bank’s liabilities (excluding equity) recorded an increase of 891.7 million dinars, or 10.0%, reaching approximately 9.851 billion dinars, up from 8.959 billion dinars at the end of 2025.
Comparing liabilities with the same period of the previous year, we observe an increase of approximately 760.7 million dinars, or 8.4%, when they stood at approximately 9.090 billion dinars.
The ratio of total liabilities to total assets stood at approximately 89.5%, compared to approximately 89.1% for the same period in 2025.
Results of financial data analysis calculated on an annual basis indicate that most of the bank’s profitability indicators decreased marginally compared to the same period in 2025.
The return on equity (ROE) for the bank’s shareholders decreased to approximately 11.0%, compared to 11.2%. The return on assets (ROA) decreased to approximately 1.0%, compared to 1.1%.
Similarly, the return on capital (ROC) reached approximately 24.0%, down from 24.1%.
The price-to-earnings (P/E) ratio stood at approximately 31.9 times, down from 34.9 times (indicating an improvement), driven by a 4.2% increase in earnings per share, offset by a 5.0% decline in the share price compared to its level on September 30, 2025.
