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20/07/2014 12:28 AST
Kuwait's Ahli United Bank (AUB) reported net profits in the first six months this year up by 9.9 percent to reach KWD 25.4 million ($90 million), compared with KWD 23.2 million ($82 million) in the same period 2013.
AUB Board Chairman Dr. Anwar Al-Mudhaf said shareholders' equity in the first half was up 16.4 per cent while return on assets was 1.5 percent. Earnings per share rose to 19.6 fils against 18 fils in the first half 2013.
Operating revenues of the bank reached KWD 53.4 million while assets surged by 12.5 per cent to KWD 3.571 billion in the first six months of 2014, against KWD 3.165 billion by the end of last year. Customer deposits rose 9.9 percent to KWD 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.
CPI Financial
17/10/2017
Fitch Ratings has affirmed Ahli United Bank (Kuwait)'s (AUBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bbb-'.
Press Release
31/03/2010
The Bank formerly known as Bank of Kuwait and the Middle East (BKME) was crossed out from the local conventional banks list and is to start its Sharia-compliant operations as of Thursday listed as "
KUNA
29/03/2010
Bank of Kuwait and the Middle East (BKME) Board of Directors Chairman, Hamad Abdulmohsen Al-Marzouq, announced at the bank's General Assembly meeting on Sunday that the total operating revenues of th
Arab Times
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22/12/2025
Visa and Aldar have announced a strategic collaboration that marks the first live implementation of Visa Intelligent Commerce in the region, introducing end-to-end, voice-enabled agentic payment expe
Khaleej Times
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The National Bank of Bahrain (NBB) has signed a strategic agreement with Procural, a Bahrain-based digital procurement and tendering platform.
The collaboration supports NBB's ongoing digita
Trade Arabia
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Bahrain Ship Repairing & Engineering Company (BASREC) has signed a strategic agreement with Lumofy, an AI-powered talent development and competency management platform, as part of its commitment to a
Trade Arabia
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Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has announced that its Board of Directors has approved the appointment of Dr Shamsheer Vayalil as Chief Executive Off
Trade Arabia
22/12/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has swiftly contained an industrial fire that broke out at a power rectiformer in the morning of December 19, a company st
Trade Arabia
Financial Information Co.
Saudi Arabia