Kuwait-Mubasher: The earnings of Gulf Bank of Kuwait (GBK) climbed 10% during the fiscal year 2015 as compared to 2014, according to a bourse statement.
GBK’s profits reached KWD 39 million ($128.24 million), compared to KWD 35.46 million ($116.6 million).
The bank’s board has recommended 4% cash dividends or 4 fils per share.
The increase in earnings was triggered by the operating profit before provisions that has improved by 1.34% as well as 1% growth in interest revenues and 9.82% in non-interest revenues.
