The bank attributed the hike in profits to higher net operating income, which was up over 3 percent to 547 million Kuwaiti dinars, as well as lower provision charges for credit and impairment losses.
The bank recommended cash dividends of 30 fils ($555) per share for the fiscal year 2021, it said in a statement to the Kuwaiti bourse.
Shareholders will also receive five bonus shares for every 100 shares, the statement revealed.
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