Kuwait Finance House Bank (KFH) achieved a quarterly profit for the first quarter of this year of 51.6 million dinars (170 million dollars), an increase of 17.4% on an annual basis.
>The profits of the bank in the first quarter of last year amounted to about 44 million dinars (145 million dollars).
The bank said in a statement to the Kuwait Stock Exchange today, Monday, that the increase in quarterly profits is mainly due to the increase in net operating income by 7.1%, as well as the decrease in provisions and a decrease in value by 15.9% .
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