“Warba”… a precise strategy… carefully implemented… with success
Al-Sayer added in his speech during the General Assembly held yesterday with an attendance rate of 54.874%, that the combined and integrated efforts were behind Warba Bank’s achievements during the year 2023. Warba succeeded in translating its vision and mission into a tangible reality and reaping the fruits of implementing a long-term strategy adopted by the Board of Directors, to diversify its sources of… Profits, avoiding risks, rationalizing spending, increasing operating revenues from major banking activities, and achieving harmony in performance, to ensure sustainability in growth and profitability. This was confirmed by the positive indicators, the strength and efficiency of the financial position, and the sustainable and balanced growth over the past years, which was characterized by an increase in positive performance in financial indicators and market shares, which reflects the strength of the financial position. and sustainability of profits.
Growth of all financial indicators
Al-Sayer continued, saying: “We conclude the year 2023 with remarkable distinction for Warba Bank, which was built on solid steps and a deep foundation, continuing the progress it has witnessed, with growth in earnings per share to achieve an increase at the end of 2023 level of 12.4% as a result of a vision that was carefully formulated, studied and implemented. He added that the bank’s net profits amounted to 19.7 million Kuwaiti dinars, compared to net profits in 2022 amounting to 19.3 million Kuwaiti dinars, and earnings per share were 8.05 fils in 2023 compared to 7.16 fils in 2022.
Al-Sayer explained that these results achieved by Warba Bank, despite the intense competition in the banking sector, are due to the trust placed in Warba Bank by our esteemed shareholders and valued customers, and the subsequent diligence and sincerity shown by all employees of the bank. The bank, with its diligent keenness to provide the highest and most distinguished levels of service to customers, with exceptional creativity and remarkable innovation, is what the bank has been keen to implement, motivate and develop since the launch of its five-year strategy in 2022.
Rationalizing expenses and maximizing profitability
