(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Oct 28 (KUNA) -- Gulf Bank K.S.C.P. announced Tuesday a net profit of KD 38.4 million for the first nine months ending September 30, 2025, compared to KD 40.2 million for the same period in 2024.
The Bank stated that the results reflect a decrease of KD 1.8 million or five percent compared to last year's nine-month period.
Meanwhile, Gulf Bank recorded a 19.4 percent year-on-year growth in third-quarter net profit, highlighting continued operational strength and improved performance across core business segments.
Gulf Bank's Chairman Ahmad Al-Bahar said the Bank is making excellent progress on its transformation journey toward becoming a Sharia-compliant institution, noting that work has commenced in full alignment with the regulatory framework.
Chief Executive Officer Sami Mahfouz affirmed that the Bank has successfully capitalized on emerging opportunities to drive steady loan growth through its strategic focus and deep-rooted client relationships. (end)
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