Ahli United Bank posts kuwaiti dinar 23.2m net profit

The Ahli United Bank (AUB) posted KD 23.2 million in net profit for the first half of 2013, up 12.9 percent compared with the corresponding period of 2012. In a press statement, Sunday, the bank noted that profit per share was 19.8 fils. The total operating income grew to KD 46.2 million in the first half of 2013, up 11.9 percent from last year. Total deposits blossomed to KD 2.62 billion, up 14.5 percent. Meanwhile, total assets amounted to KD 2.98 billion, up 13.5 percent, added the statement. Board Chairman and Managing Director Hamad Al-Marzouq cheered the positive results, adding that the bank has managed to make gains while continuing to take care to maintain good governance measures. These positive results come three years after converting to Sharia-compliant transactions, he said.