Kuwait – Mubasher: Kuwait International Bank (KIB) (Al Dawli) has received KWD 17.16 million through settling a debt with a client as per a court ruling issued previously, the bank said in a bourse filing Sunday.
The received amount will bolster the bank’s profits and back diversification of income resources, KIB added.
The Kuwait-listed lender earlier posted KWD 11.75 million ($38.68 million) net profit for the first nine months of 2015, a rise of 18.1% from KWD 9.95 million ($32.76 million) in the prior-year period.
