Mubasher: Al Ahli Bank of Kuwait’s (ABK) on Wednesday said its profits levelled up 23.8% in the third quarter of 2017, compared to the year-ago period.

Profits stood at KWD 5.88 million ($19.5 million) in Q3-17, compared to KWD 4.75 million ($15.8 million) in Q3-16, according to a statement to Boursa Kuwait.

ABK’s profits increased 11.6% reaching KWD 22.09 million in the first nine months of 2017, compared to KWD 19.8 million in the same period in the year before.

The Kuwaiti bank attributed the growth of its year-on-year net profits to the rise of operating income.

ABK’s stock, inched up 0.32%, after 150,000 shares were exchanged, with a liquidity of KWD 46,350, closing at 309 fils on Wednesday.