Mubasher: Boubyan Bank’s revenue is expected to grow 20% by 2020, a report by Arqaam Capital showed, according to Al-Anba newspaper.
Arqaam Capital expected that the Kuwait-listed company’s revenue will reach KWD 183 million by 2020.
Profit is expected to record KWD 67 million by 2020, KWD 75 million by 2021, and KWD 92 million by 2022, respectively.
Boubyan Bank reported an 8.1% year-on-year increase in net profit during the second quarter of 2019, recording KWD 14.25 million ($47 million).
