The Ahli United Bank (AUB) said Saturday its net profits in the first six months this year have increased by 9.9 percent to reach 25.4 million Kuwaiti Dinars (KD) (USD 90 million), compared with KD 23.2 million (USD 82 million) in the same period 2013.
AUB Board Chairman Dr. Anwar Al-Mudhaf said the shareholders equity in the first half was 16.4 percent while return on assets was 1.5 percent.
Al-Mudhaf added that AUB’s share rose to 19.6 fils against 18 fils in the first half 2013.
Operating revenues of the bank reached KD 53.4 million while assets surged by 12.5 percent to KD 3.571 billion in the first six months of 2014, against KD 3.165 billion by the end of last year.
Al-Mudhaf said deposits of clients grew by 9.9 percent to KD 2.3 billion.
“Our bank has achieved a balanced growth in all chapters of the budget and witnessed a rise in all financial performance indicators in the first half of the fiscal year,” said Al-Mudhaf.
He said AUB was also taking into consideration risks and has been very keen on keeping strong financial stability position.
Source : KUNA Kuwait News agency
