The bank’s earnings reached 205. 7 million dinars (662. 3 million dollars) at the level of the first nine months of this year, a growth of 22.4% over its level in the same period of the previous year of 168 million dinars (540. 9 million dollars).
In a statement released on Thursday, the Kuwait Finance House attributed the increase in profits during the first nine months of this year to increases in net operating income of 27.2 percent and total operating revenue of 14.
8 percent, together with a 49.6% reduction in the value loaded on the income statement of the collected money and a drop in allocations.
This was due to proof of the losses resulting from the application of an international accounting standard to the bank in Turkey, due to the high rates of inflation in the amount of 85. 2 million Kuwaiti dinars (274. 3 million dollars), including the unnamed rights..
In the third quarter, “Kuwait Finance House” profits increased by 2.7 percent.
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