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Monday, 23 November 2009 06:08 UAE time

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Commercial Bank of Kuwait (CBK)

Main Category: Commercial Bank
City : Safat
Country : Kuwait
Website: www.cbk.com


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Commercial Bank of Kuwait Q2 net loss at $8.2m

Kuwaiti lender makes a KD2.34mloss in the second quarter on provisions.

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Kuwait's CBK reduces activity of investment unit - paper

CBK lowers financial activity in CBK Capital due to the lack of investment opportunities.

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Kuwait's KIA to auction stake in Boubyan

UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

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Kuwait investment firm disputes Boubyan stake sale

Dar has filed a lawsuit against Commercial Bank of Kuwait over Islamic lender stake.

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'Worst over' for Kuwaiti banking sector

Q1 profits expected to decline year on year, but improve from losses in prior quarter.

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CBK puts Iraq and Yemen plans on hold

Commercial Bank of Kuwait chairman says impact of credit crunch may also see it book provisions in 2009.

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Kuwait's CBK urges further interest rate cut - paper

Lower debt service burden to aid finance firms - Commercial Bank of Kuwait .

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Commercial Bank of Kuwait warns of tough Q1

CBK's chairman tells TV channel profit for first 3 months will not match year-earlier period.

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Kuwait's CBK posts $14.3m Q4 net loss

Commercial Bank of Kuwait becomes latest bank in GCC to wilt under pressure of global financial crisis.

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Aayan Leasing to get fresh bank loans

Kuwait's Aayan Leasing and Investment Co will get fresh loans from three local banks to help refinance debt.

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CBK cancels deal to buy Boubyan stake

Commercial Bank of Kuwait says it is stepping away from taking shares in bank from Investment Dar.

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Moody's mulls downgrade for four Kuwaiti banks

Concerns over real estate exposure leads investors service to put banks on review.

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Kuwait's CBK nears Syrian bank deal

Investment Dar close to finalising deal to sell its 12.5% position in Syria's Cham Bank to CBK.

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Interest income, forex trading drives CBK profit

UPDATE 1: Commercial Bank of Kuwait Q2 earnings rise 11% to $136.7mn.

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CBK considers stake in Iraqi Islamic bank

Commercial Bank of Kuwait looks to take 50% stake in Baghdad-based Islamic lender - report.

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Gulf markets rebound

Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

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CBK eyes 70% stake in Yemeni bank

Commercial Bank of Kuwait is seeking to buy 70% of Yemen Gulf Bank, daily Al-Qabas says.

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Noor Financial eyes bid for Banque du Caire

Commercial Bank of Kuwait interested in Egypt's third-largest state bank.

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Kuwait's CBK posts 28.3% rise in profit

Country's fourth-biggest lender sees net income rise to $112.2mn in Q3 compared with $87.5mn a year ago.

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Kuwait's CBK yet to agree BBK sale

Commercial Bank of Kuwait contradicts local media report that CBK and Pearl to sell stakes in Bahraini lender.

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GCC banks to sell Bahraini bank stakes

Commercial Bank of Kuwait and Peal of Kuwait Real Estate reach deal to sell stakes in Bank of Bahrain.

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Kuwait investors eye BBK stake

Several investors are considering buying the Commercial Bank of Kuwait's 20% stake in the Bahraini lender.

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Kuwait to sell Bank of Bahrain stake to Zumorroda

Commercial Bank of Kuwait to offload stake for $278mn to Kuwaiti investment firm.

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CBK to sell Bank of Bahrain stake

Negotiations in the final stages, but no agreement has been signed yet, according to Kuwaiti lender.

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NBK pays top dollar for Egypt’s Watany

The National Bank of Kuwait (NBK) has paid the highest acquisition price in its history in order to takeover Al Watany Bank of Egypt beating off rivals Commercial Bank of Kuwait.

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Qatar bank eyes CBK

Unnamed suitor in early talks to take majority stake in Commercial Bank of Kuwait, newspaper says.

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No decision yet on Al-Watany bid

Commercial Bank of Kuwait still to decide how much it is prepared to pay for a stake in the Egyptian lender.

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CBK hints at $568mn Watany bid

Commercial Bank of Kuwait says it could bid up to four times book value for Egypt's Al-Watany Bank.

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CBK eyes Watany stake

Commercial Bank of Kuwait is planning to bid for a 60% stake in Egyptian lender Al-Watany.

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CBK could buy Turkish lender

A Commercial Bank of Kuwait delegation visits Turkey to investigate a possible acquisition.

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CBK eyes stake in regional lender

Newspaper says CBK is in advanced talks to buy 51% of regional lender.

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Kuwait's CBK denies takeover reports

Bank denies claims that Qatari investors are looking to buy a 60% stake.

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READER COMMENTS

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