WarbaFDB has announced that its revenues and profits for the last year 2012 has risen to KWD 24.448 B  with a total increase of KWD 6.165 B in comparison with the year 2011.

Mr. Abduljabbar Hayel Saeed, Chairman of Bank BOD, has said in the Bank ordinary general assembly meeting held in Sana’a yesterday that the unified budget of WarbaFDB witnessed a rise in 2012 and reached KWD 450.113 B with a total increase KWD 91.974 B in comparison with the year 2011 budget.

He added: “The customers’ deposits balance also witnessed a leap which led to an increase of KWD 375.450 B in comparison with KWD 283.85 B in 2011, This financial leap reflects the customers’ big trust towards the Bank.

He mentioned that WarbaFDB was able to achieve good results better that his competitors in spite of the abnormal circumstances the country is experiencing nowadays. This comes as a result of shareholders and customers support to the Bank and the efforts and persistence of the Bank significant staff. 

In the meeting, the ordinary general assembly has viewed the Bank BOD report about the fiscal year ended in Dec. 31, 2012, and approved it. The ordinary general assembly listened to Sharia Compliance Board report and  made financial quittances for the BOD Chairman and members. The BOD Chairman has been granted to assign an auditor for the fiscal year 2013.