Mubasher: Commercial Bank of Kuwait (CBK) reported it has generated KWD 9.8 million ($32.1 million) in profits during the first half of 2019, compared to KWD 6.4 million ($21 million) in H1-18, Kuwait News Agency (KUNA) reported.
Operating profits, including allowances, stood at KWD 58.3 million ($191.4 million) during the six-month period ended 30 June 2019, the CBK said.
The bank’s total loans grew by 9% year-on-year in H1-19, reaching KWD 2.4 million ($7.8 million), while investing in securities increased by 2% to KWD 5.6 million ($18.3 million).
Operating revenue totaled KWD 84 million ($275.8 million) in H1-19, up 8% as compared to the year-ago period, CBK added.
Meanwhile, income from foreign-currency transactions rose by 33% year-on-year in H1-19.
