Kuwait's Burgan Bank Q4 net profit slumps | Reuters:
"Feb 23 (Reuters) - Kuwait's Burgan Bank reported a big drop in fourth-quarter net profit on Sunday, according to Reuters calculations, with its full-year earnings also significantly lower than the previous period.
The lender, 58-percent owned by conglomerate Kuwait Projects Company, made a net profit of 2.52 million dinars ($8.9 million) in the three months to Dec. 31, Reuters calculated. This compares to 9.22 million dinars in the corresponding period of 2012.
This came in well below the estimates of three analysts polled by Reuters, who forecast on average a net profit of 25.7 million dinars for the period."
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