Ahli United Bank Reports Net Profits Of KD 42 5 Million Up By 16 8% And Higher EPS By 20 8% In 2023 - ARAB TIMES arabtimesonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabtimesonline.com Daily Mail and Mail on Sunday newspapers.
KUWAIT CITY, July 23: Ahli United Bank (AUB) announced its results for the first six months of year ended June 30, 2023, achieving a net profit of KD 20.5 Million compared to KD 20.2 Million of net profits recorded for the same period last year, with an increase of 1%. The Bank also recorded total
‘Understanding the business is key driver of success’ KUWAIT CITY, Feb 12: Ahli United Bank of Kuwait CEO and Board Member, Mrs Jehad Saud Al-Humaidhi, was selected among the Forbes list of the 100 most powerful businesswomen in the Middle East for the year 2023, leading the success of a group of
Messenger
KUWAIT CITY, Feb 7: Ahli United Bank K.S.C.P. (AUBK) announced its results for the fiscal year ended 31 December 2020, by confirming taking all required measures, and raising precautionary and impairment provisions to consider the currently assessed impact of COVID-19 on the economy and the materially impacted business sectors. Accordingly, the Bank has recorded a net profit for 2020 amounting to KD 29.7 million which is lower by 46% against KD 55.0 million of 2019.
Dr Anwar, Chairman of AUB
The Bank has positioned itself to prudently expand the financing activities and extend all possible support to the business sectors and clients affected by the pandemic by way of deferment of financing receivable installments. Bank’s total assets is recorded at KD 4.4 billion at the end of December 2020. The financing receivable portfolio has grown to reach KD 3.1 billion as of December 2020 (2019 : KD 3.0 billion) while customer deposits have also grown to reach KD 3.0 billion a