Kuwait - Mubasher: Gulf Bank of Kuwait (GBK) reported an increase in profits by 10.6% year-on-year in the third quarter of 2016, the bank said in a press release.
According to the bank’s financial statements, profits in Q3-16 reached KWD 12.1 million ($40 million) compared to profits of KWD 10.94 million ($36.2 million) in the same quarter last year.
Profits also went up by 10.8% to KWD 32.8 million in the first nine months of the year compared to KWD 29.6 million in the same period in 2015.
