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FINANCIAL NEWS
Kuwait-Warba Bank posts 455pct increase in H1 revenue
21 Jul 2017
(MENAFN) Kuwait-based Warba Bank has recorded a revenue of USD8.3mn for the Jan-June period of this year compared to KD0.455mn for the same period of last year.
Additionally, the growth in the bank’s whole revenues was driven by strong performance of all business units.
Moreover, the total assets of the bank grew due to its plan of expansion in the regional and global markets and investments in high quality and low-risk assets.
The bank”s faltering funding Non-performing facilities is 0.56 percent, a percentage that is considered to be one of the lowest ratios in the local banking sector.
MENAFN2107201700450000ID1095642650
MENAFN2107201700450000ID1095642650
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