Mubasher: Warba Bank on Monday revealed a 115% year-on-year surge in its profits for the first quarter of 2018.
Total revenues of the Kuwait-based Islamic bank surged 54% quarter-on-quarter to KWD 18.77 million in Q1-18.
The lender's operating income rose 40% to KWD 10.88 million during the first three months of 2018, while assets levelled up to KWD 1.835 billion.
For the full-year 2017, Warba Bank’s profits advanced 163% to KWD 6.77 million, from KWD 2.58 million in 2016.
