Kuwait-Mubasher: Warba Bank reported a rise by 326% in its quarterly profits, according to a bourse statement.
Profits reached KWD 328,000 ($1.09 million) in the first quarter of 2016, compared to KWD 77,000 ($254,800) in the same quarter of 2015.
The profit growth is mainly attributed to an increase in placements and finance income by KWD 2.13 million ($7.05 million), and investment income by KWD 429,000 ($1.42 million).
