Gulf Bank KSC (KUW:GBK) Allowance For Loans And Lease Losses : KWD-282.5 Mil (As of Mar. 2024)

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What is Gulf Bank KSC Allowance For Loans And Lease Losses?

Gulf Bank KSC's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was KWD-282.5 Mil.

Gulf Bank KSC's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 (KWD-292.6 Mil) to Dec. 2023 (KWD-293.8 Mil) but then increased from Dec. 2023 (KWD-293.8 Mil) to Mar. 2024 (KWD-282.5 Mil).

Gulf Bank KSC's annual Allowance For Loans And Lease Losses declined from Dec. 2021 (KWD-281.8 Mil) to Dec. 2022 (KWD-294.0 Mil) but then increased from Dec. 2022 (KWD-294.0 Mil) to Dec. 2023 (KWD-293.8 Mil).

Gulf Bank KSC Allowance For Loans And Lease Losses Historical Data

The historical data trend for Gulf Bank KSC's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Gulf Bank KSC Allowance For Loans And Lease Losses Chart

Gulf Bank KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-282.32

-268.69

-281.78

-294.04

-293.81

Gulf Bank KSC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-284.60	-288.90	-292.59	-293.81	-282.49

Gulf Bank KSC Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

Gulf Bank KSC Allowance For Loans And Lease Losses Related Terms

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Gulf Bank KSC (KUW:GBK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Gulf Bank KSC (KUW:GBK) » Definitions » Allowance For Loans And Lease Losses

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabir Street, P. O. Box 3200, Safat, Kuwait, KWT, 13032

Website

https://www.e-gulfbank.com

Gulf Bank KSC is predominantly a Kuwait-based banking service company. The bank's business activities are mapped into two business lines which are Commercial Banking, Treasury & Investments. Commercial Banking engages in the acceptance of deposits from individuals, corporate and institutional customers, and providing consumer loans, overdrafts, credit card facilities, and funds transfer facilities to individuals; and other credit facilities to corporate and institutional customers. The Treasury & Investments segment provides money market, trading, and treasury services, as well as the management of the Bank's funding operations by use of Kuwait Government treasury bonds, government securities, placements, and acceptances with other banks.

Gulf Bank KSC (KUW:GBK) Headlines

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