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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).
Kuwait International Bank (بنك الكويت الدولي)
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Kuwait International Bank (بنك الكويت الدولي) Previous name(s) Kuwait Real Estate Bank (2007) Headquarters P.O. Box 22822, Joint Banking Center, West Tower, Al Abdulrazzak Square, Kuwait Safat 13089.; Al safat; Al Asimah |
Status: Listed Legal Form: General Partnership Operational Status: Operational Financial Auditors: Ernst and Young/ Deloitte and Touche (2011) Incorporation Date: May 13, 1973 Total Employees: 487 Tel: 965 1888999 |
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Company Description |
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Kuwait International Bank was established in 1973 as Kuwait Real Estate Bank, in response to the boom in property development and reconstruction. In the first of July 2007, the bank has been renamed to be Kuwait International Bank. The bank offers retail banking, commercial banking, and international banking services. Moreover, the bank has established an Anti-Money Laundering Compliance Unit in order to prevent any illegal activities as per the Kuwaiti anti money laundering law. |
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Company Analysis |
| According to the Individual - Audited financial statement for the Year of 2011, total net operating revenues increased with 1.39%, from KWD 42,553 thousands to KWD 43,146 thousands. The results of the period decreased -35.29% reaching KWD 10,841 thousands at the end of the period against KWD 16,754 thousands last year. Return on equity (Net income/Total equity) went from 8.54% to 5.22%, the Return On Asset (Net income / Total Asset) went from 1.47% to 0.97% and the Net Profit Margin (Net Income/Net Sales) went from 39.37% to 25.13% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 438.64% compared to 482.20% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.20 to 1.22 when compared to the previous year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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2011 Y (non-cons) |
2010 Y (non-cons) |
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| Audited | Audited | |
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| Finglobe - MENA Spread Financial Statements | Finglobe - MENA Spread Financial Statements | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,118,369 |
1,141,860 |
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Current Assets |
1,088,593 |
1,108,923 |
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Total Liabilities |
910,740 |
945,732 |
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Shareholders Equity |
207,629 |
196,128 |
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Current Liabilities |
888,693 |
925,095 |
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| * All the accounts are in KWD. | ||
Income Statement
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Total Operating Revenue |
43,146 |
42,553 |
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Net Profit (Loss) |
10,841 |
16,754 |
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| * All the accounts are in KWD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.97% |
1.47% |
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Annualised Return on Assets (ROA) |
0.97% |
1.47% |
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Return on Equity (ROE) |
5.22% |
8.54% |
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Annualised Return on Equity (ROE) |
5.53% |
9.67% |
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Return on Sales (ROS) |
25.13% |
39.37% |
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Gross Profit Margin |
100% |
100% |
| Efficiency Ratios | ||
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Current asset turnover |
0.04x |
0.04x |
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Fixed-asset turnover |
1.45x |
1.29x |
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Asset Turnover |
0.04x |
0.04x |
| Valuation figures and ratios | ||
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EBITDA |
8,403 |
11,609 |
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Enterprise value |
903,674 |
940,718 |
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Enterprise Value / EBITDA |
107.54 |
81.03 |
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Bookvalue (BV) |
207,629 |
196,128 |
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Net Cash |
-903,674 |
-940,718 |
| Liquidity Ratios | ||
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Current Ratio |
122.49% |
119.87% |
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Quick ratio |
122.49% |
119.87% |
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Doom's day ratio |
0.8% |
0.54% |
| Leverage Ratios | ||
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Leverage ratio |
538.64% |
582.2% |
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Debt to equity |
438.64% |
482.2% |
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Debt to total assets |
81.43% |
82.82% |
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Long Term Debt to Capital |
9.6% |
9.52% |
| Trend Ratios | ||
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Revenue Trend |
101.39% |
83.39% |
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Net Income Trend |
64.71% |
-203.45% |
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