Mubasher: The chairman of Kuwait International Bank (KIB) Mohammed Jarrah Al Sabah said that the depositors’ accounts are registering a continuous growth in the distributions rates, in addition to an increase in KIB’s profits and deposits.

The annual return rate on the three-year Al Boushra Deposit reached 3.45% in Kuwaiti Dinar by the end of the third quarter of 2018, Al Sabah said.

He added that the annual return rate on Arzaq Deposit reached 2.8125% in Q3-18.

KIB’s chairman said that the net annual return on the investment saving accounts reached 1.6875% in Kuwaiti Dinar during Q3-18.

On Wednesday, 17 October, KIB announced KWD 15.5 million in net profits in the first nine months of 2018, compared to KWD 13.5 million in the same period last year.