The financial statements of Al Ahli Bank of Kuwait showed an increase in the bank's profits in the first quarter of this year by 17% year on year.
According to the bank's results for the Kuwaiti Stock Exchange, today, Wednesday, profits for the period amounted to 8.321 million dinars, compared to profits of 7.112 million dinars in the first quarter of last year.
The bank's earnings per share at the end of the first quarter of this year amounted to 3 fils, compared to earnings per share of 2 fils in the same period of 2021.
The bank said in a statement to the stock exchange that the increase in profits during the comparison periods is mainly due to the improvement in operating income and the decrease in provision costs.
The bank's total operating income during the comparison periods increased by 12% to 41.569 million dinars, compared to 37.029 million dinars for the same period in the previous year.
