Kuwait – Mubasher: Warba Bank reported a decline of 54.9% in net profits for the third quarter of 2016.
The Kuwaiti lender profits stood at KWD 422,000 ($1.39 million) in Q3 – 2016, down from KWD 936,000 a year earlier.
As for the first nine months of 2016, the lender reported net profits of KWD 877,000 down from KWD 1.25 million for the same period of the previous year.
Earlier, Warba Bank posted net profits of KWD 455,000 for the first half of 2016.
