Mubasher: Kuwait International Bank (KIB) reported a net profit of KWD 13.5 million for the third quarter of 2017, according to a bourse filing.
Earnings per share reached 14.42 fils, the bank said in a statement to Boursa Kuwait on Sunday.
The statement showed that financing receivables increased by 5%, while depositors’ accounts rose by another 5% year-on-year to KWD 1.2 billion, up from KWD 1.1 billion for the same period last year.
The bank’s investment portfolio increased by 18% to reach KWD 84 million, compared to the same period last year.
KIB continued to report high levels of capital adequacy ratio, as capital adequacy ratio reached 19.8%, in accordance with the Central Bank of Kuwait’s regulations concerning Basel III.
The financial leverage ratio was 10.7% at the end of the third quarter of 2017, the statement noted.
