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Warba Finance & Dev Bank is the first bank in distributing deposit profits for the year 2019 in Kuwait

Monday, 13 January, 2020

Warba Finance & Dev Bank distributed profits estimated at 9.15% for its customers for their continuous deposits in the local currency and 6.46% for fixed-term deposits for the same currency, as depositors in foreign currency obtained profits of 3% against continuous deposits and 2.06% against fixed-term deposits.

As for customers dealing with savings accounts, depositors in local currency got a profit rate of 5.14%, and 1.68% for foreign currency accounts. The bank stated to its clients that the ratio of profits to continuous deposits has achieved good growth in 2019 compared to profits distributed for the year 2018, which reflects the high level of confidence in Warba Finance & Dev Bank and the development and stability of its banking and financial activities in the Kuwaiti market.

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