KUWAIT: Kuwait Finance House (KFH) posted a 24% drop in its 2009 full-year net profit at KWD119 million (US$414 million) due to the continued impact from the global financial crisis.
KFH however said its assets increased by 7% to US$39 billion while deposits rose 10% to US$25 billion. The shareholder equity remained unchanged at US$4.3 billion.