According to the bank’s statement to the Kuwaiti Stock Exchange today, the profits for the first quarter of this year amounted to 107.7 million dinars (354.5 million dollars), compared to profits of 93.6 million dinars (308 million Dollars) in the first quarter of 2018.
The bank's operating revenues in the first quarter of this year amounted to 225.6 million dinars, compared to 213.5 million dinars for the same period in 2018, an increase of 5.7%.
>The operating profits of the bank in the first quarter of this year increased by 3.7% to reach 154.4 million dinars, compared to 148.9 million dinars for the same period last year.
The bank said that the increase in profits is mainly due to the growth in net interest income, the increase in non-interest income and the decrease in provisioning costs.
It is worth noting that the profits of the National Bank of Kuwait also increased by 15% in the past year to 370.7 million dinars, compared to the profits in 2017, which amounted to 322.4 million dinars. p>
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