Burgan Bank reported consolidated earnings results for the year December 2014. The company announced that its net profit surged to KD 61.6 million (USD 207.7 million/EUR 183.4 million) for the twelve months to December 2014 from KD 20.1 million a year earlier. The earnings per share (EPS) were 37.6 fils in January-December 2014, versus 13 fils in 2013. Compared to the same period last year, operating income grew by 9% from KD 253.6 million to KD 275.7 million while operating profits before provisions soared to register KD 153.5 million reflecting a growth of 9%. Net interest income grew by 12% while net fees and commission grew by 9% compared to last year. The strong operating performance during the financial year 2014 delivered a continuous solid growth in all business lines translated in profitable market share gains in core market, quality top line earnings and faster than market credit growth, despite the complexity in the regional & global operating environment.

The board of directors has recommended to shareholders a 15% cash dividend for 2014, equal to 15 fils per share.