Mubasher: Kuwait International Bank’s (KIB) financing portfolio grew 13% year-on-year to KWD 1.72 billion ($5.65 billion) during the first six months of 2019, chairman Sheikh Mohammed Jarrah Al-Sabah announced on Thursday.

The bank’s total assets increased by 13% to KWD 2.35 billion in H1-19, versus KWD 2.08 billion in the year-ago period, he added.

Jarrah revealed that depositors’ account went up by almost 11% year-on-year to reach KWD 1.43 billion from January 2019 until the end of June.

KIB achieved a profit of KWD 3.39 million ($11.17 million) during the second quarter of 2019, 20.6% lower than KWD 4.27 million ($14.07 million) registered in the corresponding period a year ago.