Mubasher: Al Ahli Bank of Kuwait (ABK) achieved a 12% year-on-year increase in profits during the second quarter of 2019.

The profits for the period grew to KWD 10.17 million ($33.05 million) in Q2-19 from KWD 9.08 million ($29.91 million) in Q2-18, according to a bourse disclosure on Thursday.

During the first half of 2019, ABK registered a growth of 18.1% in profits to KWD 22.571 million when compared to KWD 19.118 million in the same six months last year.

The increase in H1-19 profits is attributed to higher operating income from core activities.

It is worth noting that during the first quarter of 2019, the bank posted a rise of 23.6% in profits to KWD 12.4 million from KWD 12.4 million in the same three months a year earlier.