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Kuwaiti banks forecast for 9.6 percent profit jump
(MENAFN) Profits of ten listed banks in Kuwait are forecast for a 9.6 percent boost from January to June 2019, from figures seen last year.
Capital market analyst Ahmed Jassim Al Qamr revealed that the banks include Kuwait International Bank (KIB), Warba Bank, Ahli United Bank (AUB Kuwait), Burgan Bank, Boubyan Bank, and the Gulf Bank of Kuwait (GBK) among others.
Those ten listed Kuwaiti banks, the analyst suggested, are expected to witness their profits stand at USD1.51 billion during the first half from the USD1.44 billion seen a year earlier.
Growth is likely to be led by Warba Bank, which is projected for a 35 percent surge in profits, Al Qamr added.
Capital market analyst Ahmed Jassim Al Qamr revealed that the banks include Kuwait International Bank (KIB), Warba Bank, Ahli United Bank (AUB Kuwait), Burgan Bank, Boubyan Bank, and the Gulf Bank of Kuwait (GBK) among others.
Those ten listed Kuwaiti banks, the analyst suggested, are expected to witness their profits stand at USD1.51 billion during the first half from the USD1.44 billion seen a year earlier.
Growth is likely to be led by Warba Bank, which is projected for a 35 percent surge in profits, Al Qamr added.
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