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KIB posts $38.68m profits in 9M

KIB posts $38.68m profits in 9M
Photo Credit: Arabianeye-Reuters
KIB
KIB`R
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Kuwait-Mubasher: Kuwait International Bank (KIB) reported an 18.1% increase in earnings for the first nine months of 2015.

KIB’s profits grew to KWD 11.75 million ($38.68 million) in 9M-15 from KWD 9.95 million ($32.76 million) in 9M-14.

The Kuwaiti bank noted that the increase in profits came from growth of around KWD 536,820 in finance revenues, KWD 550,890 in commission revenues, and KWD 1.65 million in investment revenues.