Gulf Bank K.S.C.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 19, 2022 at 11:03 am EDT
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Gulf Bank K.S.C.P. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest income was KWD 37.52 million compared to KWD 33.58 million a year ago. Net income was KWD 15.43 million compared to KWD 10.97 million a year ago. Basic earnings per share from continuing operations was KWD 0.0048 compared to KWD 0.0029 a year ago.
For the nine months, net interest income was KWD 103.45 million compared to KWD 98.95 million a year ago. Net income was KWD 45.72 million compared to KWD 27.49 million a year ago. Basic earnings per share from continuing operations was KWD 0.0133 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. 
