Kuwait Finance House's net profit in the first quarter of 2023 rose by 133% to about 162 million dinars and is the highest quarterly profit in the bank's history.
These results were supported by the completion of the acquisition of Al-Ahli United, where the contribution rate was 45% to the limit of 73 million dinars, in addition to increasing the net operating revenue by 69.5% to the limit of 251 million dinars compared to 148.2 million dinars in the same period last year.
Net funding increased by 42.1% in the first quarter of 2023.
Kuwait Finance House's net profit increased by 101.7% in the fourth quarter of 2022 to 151.944 million dinars, equivalent to 497.35 million dollars compared to 75.326 million dinars a year ago.
Its annual profit increased by 47% in 2022 to 357.716 million dinars, compared with 243.414 million dinars in the previous year.
