Kuwait – Mubasher: Kuwait Finance House in Turkey (KFH-Turkey) achieved a growth of 24.4% in profits during the first six months this year as compared to the same period last year.
The bank’s earnings reached 256 million Turkish Lira ($86.44 million) in H1-16, according to a bank statement.
Overall assets rose by 4.9% to 44.1 billion Turkish Lira, with deposits up 2.6% to 28.9 billion Turkish Lira. Shareholders’ equity increase by 8% to 3.7 billion Turkish Lira.
KFH-Turkey clarified that the bank’s H1 financial results will positively reflect on the financial position of KFH Group, according to the statement.
