By: Mohamed Farouk
Mubasher: Kuwait International Bank (KIB) is expected to achieve a 13.3% increase in profits during the first half of fiscal year 2017, compared to the same period a year ago.
KIB is forecast to record earnings worth KWD 13.6 million in H1-17, compared to KWD 12 million in H1-16, capital market analyst Ahmad Jassim Al-Qamr told Mubasher.
It is noteworthy that the bank reported a rise of 13% in profits to KWD 7.6 million during the first quarter of 2017, compared to KWD 6.7 million in the corresponding period a year ago.
