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Islamic Finance Briefing - Categorized | Banking, Performance more

Kuwait’s KFH Q2 profit dive on provisions

Posted on 21 July 2009

From Reuters: Kuwait Finance House, the Gulf’s second largest Islamic lender, posted a 61 percent fall in second-quarter net profit on provisions as the global financial crisis hit banks across the country.

Net income in the first half of the year was 72 million dinars ($250 million), or 32 fils per share, KFH said in a statement without giving comparative figures. There are 1,000 fils in a dinar…….Full Article: Source

 
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