Gulf Bank K.S.C.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 11:08 am EDT
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Gulf Bank K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was KWD 37.07 million compared to KWD 33.7 million a year ago. Net income was KWD 18.54 million compared to KWD 15.25 million a year ago. Basic earnings per share from continuing operations was KWD 0.0057 compared to KWD 0.0048 a year ago.
For the six months, net interest income was KWD 72.09 million compared to KWD 65.93 million a year ago. Net income was KWD 35.85 million compared to KWD 30.29 million a year ago. Basic earnings per share from continuing operations was KWD 0.0105 compared to KWD 0.0086 a year ago.
Gulf Bank KSCP is a Kuwait-based public shareholding company engaged in the provision of banking, financial and investment services. The Bank is structured into two business segments: the Commercial Banking segment includes acceptance of deposits from individuals, corporate and institutional customers and providing consumer loans, overdrafts, credit card facilities and funds transfer facilities to individuals, as well as other credit facilities of corporate and institutional customers, and the Treasury & Investments segment provides money market, trading and treasury services, including foreign exchange, spot quotations and forwards and swaps, and the management of the Bankâs funding operation by use of treasury bills, government securities, placements and acceptances with other banks.
GULF BANK K.S.C.P. 
