Gulf Bank K.S.C.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 19, 2023 at 03:08 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, 2023. For the third quarter, the company reported net interest income was KWD 38.85 million compared to KWD 37.52 million a year ago. Net income was KWD 17.99 million compared to KWD 15.43 million a year ago. Basic earnings per share from continuing operations was KWD 0.0048 compared to KWD 0.0048 a year ago.
For the nine months, net interest income was KWD 110.94 million compared to KWD 103.45 million a year ago. Net income was KWD 53.83 million compared to KWD 45.72 million a year ago. Basic earnings per share from continuing operations was KWD 0.0152 compared to KWD 0.0133 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. 
