Warba Bank reports FY16 net profit of KWD2.6mn, up 160% Y-o-Y
Warba Bank has announced its FY16 earnings that reached KWD2.6mn, an increase of 160% Y-o-Y compared to KWD1mn in FY2015. FY16 total operating revenues stood at KWD22.8mn, up 26% Y-o-Y from KWD18.1mn in FY15, according to a bourse statement. Warba Bank’s Board of directors recommended not to distribute dividend for 2016. (Reuters)
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