Tuesday 12 July 2011

Kuwait's NBK Q2 net profit falls 4.5 pct; misses view | Reuters

National Bank of Kuwait (NBKK.KW) (NBK), the country's biggest bank, posted a 4.5 percent drop in second-quarter net profit, missing analysts forecasts.

The lender reported net profit of 65.9 million dinars ($240.2 million) for the second quarter, compared with a net profit of 69 million dinars for the same period last year, it said in a bourse statement on Tuesday.

Analysts polled by Reuters expected NBK to post a net profit of 79.9 million dinars for the second-quarter.

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