AUB Kuwait logs 3% higher profits in Q3 2019

During the first nine-month period of 2019, the bank’s profits soared by 5.1%

Mubasher: The financial statements of Ahli United Bank – Kuwait (AUB Kuwait) indicated a 2.9% year-on-year increase in profits during the third quarter of 2019.

The profits totalled KWD 14.48 million ($47.86 million) in Q3-19, compared to KWD 14.07 million ($46.51 million) in the corresponding period in 2018, according to a bourse filing on Tuesday.

During the first nine-month period of 2019, the bank’s profits soared by 5.1% to KWD 45.24 million from KWD 43.03 million in the corresponding period in 2018.

The bank ascribed the rise in profit rise to higher operating activities.

Year-on-year, the bank registered operating revenues worth KWD 80.67 million during the period from January to September 2019, 12.6% lower than KWD 92.31 million.

Operating profits retreated by 51.1% year-on-year to KWD 51.09 million during the January-September period when compared to KWD 65.04 million.

It is worth noting that over the first half of 2019, the bank registered 6.2% higher profits at KWD 30.76 million, compared to KWD 28.96 million in the corresponding period in 2018.

Ahli United Bank (AUB) is a dually-listed bank on Bahrain Bourse (BHB) and Boursa Kuwait.

Translated by: Amal A. Wahaab

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Financial Services