Oct. 26--Mr. Bader Abdul-Muhsen Al-Mukhaizeem -- Chairman & Managing Director -- Kuwait Finance House said that KFH total profit for the first three quarters of the current year approximated KD 281.4 million while net profit to shareholders reached KD 106.4 million and the earnings per share for this period amounted to 46.6 Fils.

Total assets for the period reached KD 11.091 Billion thus representing an increase by KD 548 million i.e. 5% increase compared to the same period last year. Total deposits volume as of the end of the third quarter amounted to KD 7.015 Billion, thus representing an increase by KD 682 million i.e. 11% over the same period last year.

Net profit for the three months ended September 30 2009 reached KD 34.3 Million with an increase of KD 1.5 Million over the second quarter with an increase of 5%. Earnings per share reached 15.1 fils for the third quarter of 2009 compared to 14.4 fils for the second quarter of 2009 with an increase of 5%.

Mr. Al-Mukhaizeem added in a press release that these results were achieved despite the difficult conditions which the area markets are experiencing due to the continuation of the impacts of the financial crises on global markets. Accordingly KFH has adopted a policy that aims to reinforce KFH financial position enabling KFH to withstand these impacts. We hope that the worst part of the crisis has passed whether locally or globally.

Mr. Al-Mukhaizeem reiterated the significance of the efforts undertaken by the Central Bank of Kuwait in light of the regulations it has initiated with the aim of protecting the Kuwaiti banking sector, and the continuous monitoring and follow up with regards to the entities which it oversees. He also added that it is important for government authorities to launch growth incentives by setting growth factors in the local economy, increase spending, facilitation of procedures and elimination of obstacles and legislations that obstruct the private sector's role. He indicated that KFH has continued its efforts to provide the necessary financing services to Kuwaiti companies according to the applied professional rules and regulations on the basis that KFH is fully aware of the size of the financial crises and aims to mitigate the impact thereof on the national economy. KFH believes that all efforts must be combined to preserve the national economy and overcome the impacts thereof.

With regards to the international expansion policy, success achieved and additions made Mr.