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كويت نيوز
Gulf Bank profits rise 14.1% to 27.4M Dinars
Bank of Gulf achieved a net profit of 27.4 million Kuwaiti dinars in the first half of 2026, reflecting 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, particularly from fees and commissions, which grew by 13.3%. The bank also recorded an operating income of 94.3 million dinars, up by 2.7%, supported by improved asset quality and a decrease in non-performing loans to 1.2%, with coverage at 312%. The bank indicated that it remains financially stable, with assets rising by 5.1% to 8.1 billion dinars, and net loans and advances increasing by 7.6%. It also maintains adequate credit provisions, and its credit ratings affirm the strength of its financial position. Officials emphasized that these results reflect the resilience of their financial performance despite regional challenges, as the bank continues its strategic growth and prepares for its transition to Islamic banking.
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