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Islamic Finance Briefing - Categorized | Banking, Performance more

Al Ahli Bank of Kuwait records 71 pct growth in profitability

Posted on 25 October 2010

From Arabtimesonline.com: Al Ahli Bank of Kuwait (ABK) announced net profits of KD 41.5 million for the nine month period ended Sept 30, 2010, achieving a 71 percent growth over KD 24.3 million profit for the same period in the previous year. Earnings per share have increased by 50 percent from 20 Fils to 30 Fils.
Commenting on these financial results, Ahmed Yousuf Behbehani, the Chairman of the Board, stated that ‚ÄúThis significant improvement in performance is a result of the prudent strategies and conservative approach adopted by the Bank to minimize its risks in the prevalent difficult market environment……………………………………….Full Article: Source

 
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