Tuesday 30 October 2012

Kuwait's Gulf Bank Q3 net profit rises 5.6 pct | Reuters

Gulf Bank, Kuwait's fourth-largest lender by market value, reported a 5.6 percent rise in third-quarter net profit, the bank said in a bourse filing on Tuesday.

Net profit for the three months ending September 30 was 9.62 million dinars ($34.1 million), compared with 9.11 million dinars in the same period a year ago, the bank said in the statement.

Arqaam Capital had forecasted Gulf Bank would make a 10 million dinars profit in the third quarter.

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