IslamicFinance.de

Warba Bank said Tuesday it registered a million Kuwaiti Dinars (KD) (USD 3.3 million), or one fils per share, in profits for the Fiscal Year (FY) ending last December. The bank's 2014 profits were KD 115,000 (USD 383,526). Warba Bank said in a statement on Kuwait Stock Exchange's (KSE) website that its board members did not recommend distribution of profits for shareholders for FY 2015. Total shareholders' equity for last year was around KD 92.2 million against KD 91.8 million the year before. Warba Bank was established in 2010 with a KD 100 million capital, and was listed in KSE in 2013.