Ahlibank's net profit - Kuwait increased by 1.6% year-on-year, to 11.92 million dinars ($38.74 million) during the first quarter, compared with 11.73 million dinars ($38.12 million) in the same period of 2022, as a result of increased revenue from normal operating activities.
At the end of March 2023, total assets amounted to about 4.7 billion dinars (US $15.3 billion), and good capital adequacy rates were maintained at 18.24%, exceeding the level required by regulators, increasing the chances of future expansion at the level of credit facilities and operations.
He added that the return on equity was 9.8%, while the return on assets was 1% by the end of the first quarter of this year, and earnings per share was 5.3 fils, according to a disclosure on Sunday on the Kuwait Stock Exchange website.
