Kuwait – Mubasher: Kuwait Finance House Turkey (KFH-Turkey) reported a profit increase by 21.3% for the first quarter of 2017 to reach $42 million.
Kuwait Financial House (KFH) owns around 62.24% of the Turkish bank shares, according to Kuwait News agency (KUNA).
Total assets of the bank reached $9.5 billion, with a 7.4% increase compared to their volume by the end of 2016.
KFH on Tuesday reported a profit increase by 13.2% to KWD 38.59 million ($126.48 million) in the first quarter of 2017, compared to KWD 34.1 million ($111.77 million) in Q1-16.
