The bank’s operating income increased by 34.1 percent to 40.3 million dinars in the first quarter of this year, compared to 30 million dinars in the corresponding period of 2022.
The total shareholders’ equity of the parent company fell in the first quarter of this year by 22%, reaching 684.2 million dinars at the end of the first quarter of this year.
Kuwait Commercial Bank said in a statement posted on the Kuwait Stock Exchange website that the increase in profit was mainly due to the increase in interest income, commission income and net profit on foreign exchange transactions, which partially offset the increase in provisions and the increase in operating expenses.
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