Kuwait's NBK Q2 net profit jumps 10 percent

Net income in the first half of the year was KD145.2m ($500.7m), NBK said in a statement.
Kuwait's NBK Q2 net profit jumps 10 percent
(ITP Images)
By Reuters
Tue 13 Jul 2010 03:12 PM

National Bank of Kuwait (NBK), the country's largest bank by assets, posted a 10 percent rise in second-quarter net profit on Tuesday.

Reuters calculated second-quarter net profit of 68.9 million dinars ($237.5 million) based on previous financial data, which showed NBK posting a net profit of 76.3 million dinars in the first quarter.

Net income in the first half of the year was 145.2 million dinars, NBK said in a statement.

Analysts at EFG-Hermes had expected NBK to post a net profit of 78 million dinars in the second quarter, according to a Reuters survey. (Reuters)

For all the latest Kuwait news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.