Friday, 20 September 2019 05:58 GMT
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Kuwait Finance House net income sees 17.4 percent boost




(MENAFN) Net income in Kuwait Finance House (KFH) jumped by 17.4 percent from January to March 2019 to exceed all forecasts analysts presented.

This boost is attributed to a decline witnessed in provision for bad loans along with a surge in operating profits in the Kuwaiti lender.

In a statement, the lender confirmed that during the first quarter of the year, it generated around USD169,692 million in its net income.

It explained that the increase is "mainly due to the rise in operating income ... and the decrease in the provisions and impairments by 15.9 per cent."

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Kuwait Finance House net income sees 17.4 percent boost

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