21 Hrs
Source:
الراي
Gulf profits up 14.1% in H1
Gulf Bank achieved strong financial performance in the first half of 2026, registering a net profit of 27.4 million Kuwaiti dinars, a 14.1% increase compared to the same period last year. This growth was driven by a 1% rise in interest income and a 9.6% increase in non-interest income, primarily from fees and commissions. The bank’s operating income also grew by 2.7% to reach 94.3 million dinars. Assets continued to expand, surpassing 8 billion dinars, while net loans increased by 7.6% to 6.3 billion dinars. The bank maintained a stable financial position, with a capital adequacy ratio rising to 15.8%. Its performance was further supported by resilience stemming from sovereign and local debt issuances, along with preparations for a transition to Islamic banking to foster future growth.
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