ALMUTAHED
ALMUTAHED
ALMUTAHED
Capital Intelligence (CI), the international credit rating agency, announced that is has affirmed Ahli United Bank Kuwait (AUBK)'s Financial Strength Rating (FSR) of 'A-'.
The rating agency noted in a statement published on its website , that this affirmation came in view of the bank's very sound and better than sector average loan asset quality, strong capital adequacy, good liquidity and steadily improving profit – at both operating and net levels.
Earlier, the Kuwaiti lender disclosed its interim financial statements for the nine months period ended September 30, 2014, which reflected KWD38.71 million net profit up by 10% from KWD35.21 million in the same period of previous year.
Meanwhile , the bank posted KWD13.26 million net profit in Q3/FY14 against KWD12.05 million net profit in the same period of previous year with increase by 10%.
The rating agency noted in a statement published on its website , that this affirmation came in view of the bank's very sound and better than sector average loan asset quality, strong capital adequacy, good liquidity and steadily improving profit – at both operating and net levels.
Earlier, the Kuwaiti lender disclosed its interim financial statements for the nine months period ended September 30, 2014, which reflected KWD38.71 million net profit up by 10% from KWD35.21 million in the same period of previous year.
Meanwhile , the bank posted KWD13.26 million net profit in Q3/FY14 against KWD12.05 million net profit in the same period of previous year with increase by 10%.
Source:
Mubasher
