Kuwait's Gulf Bank posts 2.4% rise in Q3 net profit

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Kuwait's Gulf Bank posted a 2.4 percent rise in net profit in the third quarter, Reuters calculations showed on Thursday.

Net profit in the three months to the end of September was KD9.86m ($35 million) compared to KD9.63m in the same period a year ago, a Reuters calculation based on nine-month figures showed.

Gulf Bank, Kuwait's fourth-largest lender by market value, has yet to name a new chief executive after Michel Accad resigned earlier this month for personal reasons. He will continue in his position until early next year.

Related:
Companies

Market Performance

Gulf Bank
300.0
-10.0 -3.23 (%)
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

1
How Mashreq hits the sweet spot

How Mashreq hits the sweet spot

Mashreq’s retail operations in a series of Middle Eastern markets...

2
Most Popular
Most Discussed