Kuwait Finance House achieves the highest quarterly profits in its history

Kuwait Finance House achieves the highest quarterly profits in its history

Kuwait Finance House achieves the highest quarterly profit in its history at 162 million dinars, a growth of 133%

The net profit of Kuwait Finance House in the first quarter of 2023 increased by 133% to about 162 million dinars, which is the highest quarterly profit in the history of the bank.

These results were supported by the completion of the acquisition of Al-Ahly United, where the shareholding reached 45% to reach 73 million dinars, in addition to the increase in net operating revenues by about 69.5% to reach 251 million dinars, compared to 148.2 million dinars in the same period last year.

Net financing increased by 42.1% in the first quarter of 2023.

It is noteworthy that the net profit of Kuwaiti Finance House increased by 101.7% in the fourth quarter of 2022, to reach 151.944 million dinars, equivalent to 497.35 million dollars, compared to 75.326 million dinars a year ago.

Its annual profit increased by 47% in 2022 to reach 357.716 million dinars, compared to 243.414 million dinars in the previous year.