Burgan Bank Group reported consolidated earnings results for the first quarter of 2013. For the quarter, the Group reported KD 15.6 million net profits for the first quarter of 2013 after taking KD 5 million in precautionary provisions. Operating profit before provisions grew by 12% to reach KD 29.8 million compared to KD 26.6 million reported for the first quarter last year.

Underlying performance for the first quarter 2013 reflects the solid financial and operating performance of the group. Net income excluding the KD 5 million in provisions charges equates to KD 20.4 million reflecting 16% Year-on-year growth. Burgan Bank Group's international operations continue to operate on a growth mode and increased contribution to Group's revenue to reach 58% which is in line with the diversifications policy in faster economies.