Al Ahli Bank of Kuwait K S C P : Financial Statement
July 27, 2023 at 08:15 am EDT
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AL AHLI BANK OF KUWAIT K.S.C.P. AND ITS SUBSIDIARIES
INTERIM CONDENSED CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED)
30 JUNE 2023
25 July 2023
Al Ahli Bank of Kuwait K.S.C.P. and its subsidiaries
INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)
For the period ended 30 June 2023
Three months ended
Six months ended
30 June
30 June
2023
2022
2023
2022
Notes
KD 000
KD 000
KD 000
KD 000
Interest income
99,261
60,123
195,077
115,611
Interest expense
(65,784)
(28,634)
(129,767)
(55,635)
NET INTEREST INCOME
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33,477
31,489
65,310
59,976
Net fees and commission income
8,747
8,681
16,688
16,452
Net foreign exchange gain
698
2,184
1,885
3,805
Net gain on investment securities
163
740
200
1,824
Dividend income
266
141
1,187
1,197
Share of results from an associate
1,122
924
1,714
1,611
Other operating income
636
566
1,309
1,429
OPERATING INCOME
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45,109
44,725
88,293
86,294
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Staff expenses
(12,705)
(11,640)
(23,937)
(22,632)
Other operating expenses
(8,937)
(7,247)
(17,164)
(14,582)
Depreciation and amortisation
(1,459)
(1,721)
(2,933)
(3,760)
OPERATING EXPENSES
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(23,101)
(20,608)
(44,034)
(40,974)
OPERATING PROFIT BEFORE PROVISIONS AND
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22,008
24,117
44,259
45,320
IMPAIRMENT
Provision / impairment losses
9
(6,171)
(11,354)
(15,977)
(21,266)
OPERATING PROFIT FOR THE PERIOD BEFORE
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15,837
12,763
28,282
24,054
TAXATION
Taxation
10
(2,633)
(2,611)
(4,231)
(5,543)
NET PROFIT FOR THE PERIOD
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13,204
10,152
24,051
18,511
Attributable to:
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13,128
10,103
23,908
18,424
Shareholders of the Bank
Non‐controlling interests
76
49
143
87
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13,204
10,152
24,051
18,511
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BASIC AND DILUTED EARNINGS PER SHARE
11
7 fils
5 fils
11 fils
8 fils
ATTRIBUTABLE TO THE SHAREHOLDERS OF THE BANK
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The attached notes 1 to 14 form part of the interim condensed consolidated financial information. 4
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Al Ahli Bank of Kuwait KSC published this content on 25 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 July 2023 12:14:26 UTC.
Al Ahli Bank of Kuwait KSCP (ABK) is a Kuwait-based public shareholding company engaged in the banking sector. The Bank provides its services and products through two segments: The Commercial banking segment provides a range of credit, deposit and related banking services to its commercial customers, and the Treasury and Investment segment comprises of money market, foreign exchange, treasury bonds, asset and surplus fund management, and investment securities. The Bank provides investment management and advisory services through its wholly owned subsidiary, Ahli Capital Investment Company KSC. In addition, the Bank also offers short message service (SMS) banking. The Bank operates through a network of 28 branches located across Kuwait, and two overseas branches in Dubai and Abu-Dhabi, the United Arab Emirates (UAE).
AL AHLI BANK OF KUWAIT K.S.C.P. 
