Gulf Bank KSC (KUW:GBK) Credit Losses Provision : KWD0.0 Mil (As of Mar. 2024)

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What is Gulf Bank KSC Credit Losses Provision?

Gulf Bank KSC's credit losses provision for the three months ended in Mar. 2024 was KWD0.0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was KWD0.0 Mil.

Gulf Bank KSC Credit Losses Provision Historical Data

The historical data trend for Gulf Bank KSC's Credit Losses Provision 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 Credit Losses Provision Chart

Gulf Bank KSC Annual Data

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Credit Losses Provision

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Gulf Bank KSC Quarterly Data
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Gulf Bank KSC Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was KWD0.0 Mil.

Gulf Bank KSC (KUW:GBK) Business Description

Industry

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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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