Commercial Bank of Kuwait

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Recent Articles

• Commercial Bank of Kuwait Q2 net loss at $8.2m25 July 2009

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

• Kuwait's CBK reduces activity of investment unit - paper2 July 2009

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

• Kuwait's KIA to auction stake in Boubyan 22 June 2009

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

• Kuwait investment firm disputes Boubyan stake sale15 June 2009

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

• 'Worst over' for Kuwaiti banking sector12 April 2009

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

• CBK puts Iraq and Yemen plans on hold11 March 2009

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

• Kuwait's CBK urges further interest rate cut - paper22 February 2009

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

• Commercial Bank of Kuwait warns of tough Q1 19 February 2009

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

• Kuwait's CBK posts $14.3m Q4 net loss16 February 2009

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

• Aayan Leasing to get fresh bank loans26 January 2009

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

• CBK cancels deal to buy Boubyan stake23 December 2008

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

• Moody's mulls downgrade for four Kuwaiti banks5 December 2008

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

• Kuwait's CBK nears Syrian bank deal 17 July 2008

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

• Interest income, forex trading drives CBK profit14 July 2008

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

• CBK considers stake in Iraqi Islamic bank 22 June 2008

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

• Gulf markets rebound12 March 2008

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

• CBK eyes 70% stake in Yemeni bank6 March 2008

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

• Noor Financial eyes bid for Banque du Caire3 March 2008

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

• Kuwait's CBK posts 28.3% rise in profit18 October 2007

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

• Kuwait's CBK yet to agree BBK sale30 September 2007

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

• GCC banks to sell Bahraini bank stakes30 September 2007

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

• Kuwait investors eye BBK stake25 August 2007

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

• Kuwait to sell Bank of Bahrain stake to Zumorroda 23 August 2007

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

• CBK to sell Bank of Bahrain stake22 August 2007

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

• NBK pays top dollar for Egypt’s Watany18 August 2007

  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.