Home MoneyBanks Commercial Bank Of Kuwait Q2 Net Profit Drops 5.4 Pct

Commercial Bank Of Kuwait Q2 Net Profit Drops 5.4 Pct

by Amwal Al Ghad English

Commercial Bank of Kuwait , the state’s seventh largest listed bank by market value, reported a 5.4 percent decline in second-quarter net profit on Wednesday.

The lender made a net profit of 122,000 dinars ($433,000) in the three months to June 30, compared with 129,000 dinars in the corresponding period of 2011, according to a bourse filing.

An analyst at EFG Hermes forecast net profit of 4.4 million dinars, according to a Reuters poll.

Reuters

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