Wednesday 23, April 2008 by
Gulf Bank posts profits of $121.5 million for first quarter of 2008
Kuwait-based Gulf Bank has reported a record net profit of $121.5 million for the first three months of 2008, an increase of 7.1 per cent over the corresponding period last year. Operating income rose by 10 per cent to $174.7 million, on the strength of a 24 per cent increase in non-interest income. The bank’s total assets grew 21.6 per cent to $19.2 billion.
