Kuwait- KIB earns KD 4.017 mln in 1st quarter 

(MENAFN - Arab Times) Kuwait International Bank (KIB) obtained the approval of the Capital Central Bank of Kuwait on its financial statements for the Q1 " 2012, dated April 19, 2012.

Particulars (3 mths ending) March 31, '12 Profit (Loss) (KD) 4,017,717 3,009,750
EPS (LPS) (fils) 4.3 3.22
Total current assets 1,067,966,480 1,074,741,243
Total assets 1,165,963,461 1,119,662,881
Total current liabilities 953,970,983 915,760,986
Total liabilities 959,123,041 920,869,925
Total equity 206,840,420 198,792,956
The total expenses amounts to KD 260,994.

Board of Directors of Al-Ahleia Holding Company met on April 19, 2012 and approved the financial statements of the company for the financial year ending Dec 31, 2011.

Particulars Dec 31, 2011 Dec 31, 2010
Profit (Loss) (KD) (5,597,941) (24,689,255)
EPS (LPS) (fils) (6.76) (29.81)
Total current assets 16,356,085 19,766,511
Total assets 126,071,767 129,271,895
Total current liabilities 101,949,295 68,215,118
Total liabilities 102,277,614 99,787,880
Total equity 23,743,063 29,412,331
Board of Directors recommended withholding profits for the financial year ending Dec 31, 2011.

Note that this recommendation is subject to approval of shareholders and competent authorities.