Ahli United Bank posts Kuwaiti dinar12.1m in net profits for Q1 of 2014

Ahli United Bank (AUB) of Kuwait posted Saturday KD12.1million in net profits for the first quarter of 2014, up 10.9 percent year-on-year.In a press statement, the AUB noted that each share made gains estimated at 9.4 fils compared with 8.5 fils in the corresponding period of 2013.AUB Board Chairman and Managing Director Hamad Al-Marzouq unveiled that AUB'stotal operating revenues reached KD24.8 million and total assets blossomed toKD3.37 billion vis-? -vis KD3.16 billion in the corresponding period of last year.He added that total deposits accounted for KD2.23 billion, up 6.6 percent year-on-year. (end) asj.hb.