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KIB profits soar 15% in Q1

KIB profits soar 15% in Q1
Photo Credit: Arabianeye-Reuters
KIB
KIB`R
49.74% 292.00 97.00

Kuwait International Bank (KIB) recorded a growth of 15% in its earnings of the first quarter of 2015.

The bank posted a net profit of KWD 5.78 million ($19.1 million) in Q1-15, compared to KWD 5.03 million ($16.6 million) in Q1-14.

KIB’s earning per share inched up to 6.2 fils in Q1-15 from 5.39 fils in Q1-14.

The KSE-listed bank registered KWD 13.7 million in is earnings of the fiscal year 2014.