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MarketScreener Homepage  >  Equities  >  KUWAIT STOCK EXCHANGE  >  Kuwait Finance House KSC    KFH   KW0EQ0100085

KUWAIT FINANCE HOUSE KSC (KFH)
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Kuwait Finance House KSC : Kuwaiti banking sector crediting rose 3 percent in November - KFH

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01/12/2019 | 08:29am EST

KUWAIT, Jan 12 (KUNA) -- Kuwait Finance House (KFH) said that credit from the Kuwaiti banking sector rose by three percent in November. The volume of credit granted last November was KD 36.6 billion (USD 119 billion) compared to KD 35.5 billion (USD 116 billion) in November 2017, KFH said in a report issued Saturday. The assets of personal credit facilities achieved the highest rise in value in November to reach about KD 589.4 million (USD 1.9 billion), an increase of four percent compared to November 2017, it added. It noted that the credit facilities amounted to KD 15.5 billion (USD 50.9 billion), representing 42.5 percent of the total credit granted last November. The statement pointed out that the facilities for the crude oil and gas sector increased by 4.14 KD billion (USD 1.4 billion) by 32.6 percent while the facilities for the industry sector grew by KD 37.2 million (USD 122 million). The decline in the facilities directed to some economic sectors on an annual basis and financial institutions other than the banks, the highest recorded a decline in value by about KD 173.8 million (USD 3. 571 million) by 13.3 percent, the statement said. It noted that the personal credit facilities constitute the largest share of the volume of credit facilities, accounting for 42.5 per cent of the total credit granted in November compared to 42.1 per cent in November 2017. (end) ad.aa

(c) All KUNA right are reserved 2019. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (KWD)
Sales 2018 777 M
EBIT 2018 468 M
Net income 2018 218 M
Debt 2018 -
Yield 2018 2,93%
P/E ratio 2018 18,42
P/E ratio 2019 15,45
Capi. / Sales 2018 5,23x
Capi. / Sales 2019 5,04x
Capitalization 4 065 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 0,58  KWD
Spread / Average Target -9,1%
EPS Revisions
Managers
NameTitle
Mazen Saad Ali Saad El-Nahedh Group Chief Executive Officer
Hamad Abdulmohsen Al-Marzouq Chairman
Abdullah Mohammed Abdullah Al-Haous Group Chief Operations Officer
Shadi Ahmed Yacoub Zahran Group Chief Financial Officer
Srood A. Sherif Group Chief Information Officer
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