Net profits made by Kuwaiti banks in 2010 totalled about KD583m ($2.1bn), more than 62 percent higher than the previous year, the Gulf state's central bank said on Monday.
Addressing a financing conference, Sheikh Salem AbdulAziz Al-Sabah, governor of the CBK, said Kuwait had taken several measures to "buttress the banking sector", helping to develop risk-management abilities.
He added that local banks had managed to overcome the impacts of the global financial crisis and continued making gains.
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