(MENAFN- Kuwait News Agency (KUNA)) KUWAIT, Oct 29 (KUNA) - The Commercial Bank of Kuwait (CBK) announced Wednesday a net profit of KD 90.2 million (approximately USD 297.6 million) for the first nine months of 2025, marking a 2 percent increase compared to the same period last year, with earnings per share of 45.7 fils.
In a press statement, the bank said operating profit before provisions rose by 4.3 percent to KD 92.9 million (around USD 306.5 million) during the period, while net interest income increased by 2.3 percent to KD 90.7 million (about USD 299.3 million).
The statement further noted that total assets increased by 8.8 percent by the end of September 2025, reaching KD 5.02 billion (approximately USD 16.5 billion). Total loans and advances rose by 4 percent to KD 2.8 billion (around USD 9.2 billion).
Chairman Sheikh Ahmad Duaij Al-Sabah said the bank's net profits for the nine months reflected year-on-year growth despite global economic challenges and lower interest rates.
He noted that the strong operational performance was driven by a 4 percent increase in the loan portfolio and a 9 percent rise in fee and commission income, partially offset by higher operating expenses. Loans and advances grew by KD 111 million (around USD 366 million) compared to the same period in 2024, he added.
Sheikh Ahmad highlighted that key regulatory ratios remained strong during the first nine months of the year, with a capital adequacy ratio of 17.7 percent, a liquidity coverage ratio of 184.3 percent, and a net stable funding ratio of 109 percent.
He affirmed that CBK continues to achieve solid and stable performance indicators despite the prevailing global uncertainty, noting that the net interest margin stood at 2.6 percent from the beginning of the year through September 2025. Return on equity reached 16.1 percent, while return on assets was 2.5 percent, reflecting the bank's strong operational efficiency. (end)
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