KFH had made profits of 69.5 million dinars (about $229 million) in the first quarter of last year.
In a statement to the Kuwait Stock Exchange, the Islamic Bank attributed the increase to the earnings contribution of Ahli United Bank of Bahrain, which was acquired last year, with the Bahraini bank’s profits rising to 45 percent. profits of KFH, at a record 72.9 million dinars (about 240 million dollars).
KFH said in its statement that net operating profit increased by 69.5%.
And last February, Kuwait Finance House announced that its net profit had increased by 101.7% in the fourth quarter of 2022, reaching 151.944 million dinars (497.35 million dollars), against 75.326 million dinars (248 million dollars). dollars) a year ago.
For the year ended December 31, 2022, KFH’s net profit increased by 47% to approximately 358 million dinars (approximately $1 billion) from 243.4 million dinars (approximately $737.5 million) in 2021.
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