Mubasher: Gulf Bank of Kuwait (GBK) said that the total shareholders’ equity stood at KWD 591.2 million by the end of September 2017, according to a recent statement.
GBK’s public provisions amounted to KWD 225 million, accounting for 38% of the total shareholders’ equity.
The bank’s net revenue from interest totalled KWD 97.2 million from January to September 2017, while GBK’s operating profits stood at KWD 89.7 million.
The operating activity in the bank reflected on GBK’s operating profits by 10% and 11%, respectively when compared to the same period a year ago.
Total assets grew by 3.5% by the end of the first nine months of 2017, while loans increased by 3.3%.
At the stock level, GBK closed Tuesday’s session at 254 fils, after 2.05 million shares were traded.
