Gulf Bank K.S.C.P. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 27, 2022
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Gulf Bank K.S.C.P. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was KWD 33.7 million compared to KWD 32.76 million a year ago. Net income was KWD 15.25 million compared to KWD 4.55 million a year ago. Basic earnings per share from continuing operations was KWD 0.0046 compared to KWD 0.0014 a year ago.
For the six months, net interest income was KWD 65.93 million compared to KWD 65.36 million a year ago. Net income was KWD 30.29 million compared to KWD 16.52 million a year ago. Basic earnings per share from continuing operations was KWD 0.0091 compared to KWD 0.005 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.