Arab Today, arab today kuwaiti total assets increase 25 since beginning 2011
Last Updated : GMT 16:55:22
Arab Today, arab today
Arab Today, arab today

Kuwaiti total assets increase 2.5% since beginning 2011

Arab Today, arab today

Arab Today, arab today Kuwaiti total assets increase 2.5% since beginning 2011

Kuwait - Kuna

The total assets of Kuwaiti banks listed in the Kuwait Stock Exchange (KSE) witnessed an increase of 2.5 percent since the start of January until the end of June 2011, amounting to KWD 46,8 billion (USD 169 billion), An Asset Management Company (KAMCO) report said on Wednesday. The report noted that the banking sector dropped 0.9 percent after a gain of 3.4 percent in the first quarter of 2011. The drop in assets in the second quarter of the same year was due to a low of liquidity of 7.7 percent, amounting to KWD 643 million (USD 2,3 billion). The impact of loan portfolio was absent in the total development of banking sector since these assets have not witnessed any gain but instead they have stabilized at KWD 27,8 billion (USD 100 billion) from March to June 2011.Banking sector was able to enhance its market capitalization and maintain a strong shareholders\' equity, which increased by 1.7 percent to reach KWD 5,9 billion (USD 21,4 billion). The Shareholders\' equity shed 0.6 percent driven by good profits, amounting to KWD 295 million (USD 1,1 billion).Kuwaiti banks\' consolidated statements of shareholders\' equity growth during the second quarter of 2011 came after a decrease of 2.2 percent in the first quarter of 2011 due to a KWD 253 million (USD 909 billion) cash profit distribution to shareholders by 5 out of 9 banks. Most of banks were able to increase their shareholders\' equity base during the second quarter of 2011. National Bank of Kuwait (NBK) held the strongest equity base, reaching KWD 2.20 billion. Kuwait Finance House (KFH) came second with KWD 1.27 billion equity base at the end of June 2011.In an analysis of loan portfolio given by Kuwaiti banks showed that credit policies in giving loans were still \"conservative\".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwaiti total assets increase 25 since beginning 2011 Arab Today, arab today kuwaiti total assets increase 25 since beginning 2011

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwaiti total assets increase 25 since beginning 2011 Arab Today, arab today kuwaiti total assets increase 25 since beginning 2011

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday