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Kuwait’s Burgan Bank Q4 Net Profit Jumps

Burgan Bank, Kuwait’s third-largest lender by assets, reported a 424 per cent rise in fourth-quarter net profit on Tuesday. Burgan, a unit of Kuwait Projects Co (KIPCO), made a net profit of KD13.1 million ($44.3 million) in the three months to Dec. 31, up from KD2.5 million in the same…

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