KIB posts net profit of KD 17mn for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

KIB posts net profit of KD 17mn for 2019 – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Total assets grew by 24% Al-Jarrah also noted that KIB's total assets grew by KD 0.52 billion or 24% in 2019 to reach KD 2.69 billion compared to KD 2.17 billion in 2018.. The increase was a result of a growth in KIB's financing portfolio by KD 260 million to reach KD 1.87 billion compared to KD 1.61 billion at the end of 2018, achieving a growth of 16% as well as growth in investment protfolio by KD 74 million to reach KD 180 million compared to KD 106 million in 2018, achieving a growth of 70% due to increased exposure to high quality Sukuk.. 16% increase in financing portfolio Al-Jarrah added that revenue from financing income also increased by KD 14 million to reach KD 103 million, or a 16% increase compared to 2018.. The investment income increased by KD 2.5 million, or 160%, reaching KD 4.1 million compared to KD 1.6 million during the previous year.. Depositors' accounts increased by KD 151 million or 11% to reach KD 1.47 billion, compared to KD 1.32 billion recorded for last year..