Gulf Bank of Kuwait saw KWD 9.78 million net profits in the first quarter of 2015; arise by 12% from KWD 8.72 million for the same period of the previous year.

The Kuwaiti lender's assets added 2% in Q1 to reach KWD 5.39 million compared with KWD 5.30 million for corresponding period of 2014.

Gulf bank posted KWD 35.6 million net profit in 2014, with increase of 10% from 2013.

The bank is capitalised at KWD 290.29 million, distributed across 2.9 million shares at KWD 100 fils each.