Boubyan Bank KSCP 2023 AR2
The report highlights Boubyan Bank's solid financial and operational performance in 2023, recording a net profit of KD 80.4 million, representing a 39% growth compared to 2022. The bank successfully completed its five-year strategic plan "Boubyan 2023" and expanded its regional presence by establishing a BLME subsidiary in Saudi Arabia. In terms of sustainability, Boubyan achieved a Kuwaitization rate exceeding 81% and invested KD 467,000 in employee training. Additionally, the bank reduced its Scope 3 emissions from employee commuting by 3% and financed environmental remediation projects totaling USD 455 million.
Company: Boubyan Bank KSCP
Sector: Financials
Country: Kuwait
Year: 2023
Type: AR2
Pages: 137
Boubyan Bank KSCP
Annual Report
The report highlights Boubyan Bank's solid financial and operational performance in 2023, recording a net profit of KD 80.4 million, representing a 39% growth compared to 2022. The bank successfully completed its five-year strategic plan "Boubyan 2023" and expanded its regional presence by establishing a BLME subsidiary in Saudi Arabia. In terms of sustainability, Boubyan achieved a Kuwaitization rate exceeding 81% and invested KD 467,000 in employee training. Additionally, the bank reduced its Scope 3 emissions from employee commuting by 3% and financed environmental remediation projects totaling USD 455 million.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women in Management
Employees