National Bank of Kuwait , the Gulf state's largest bank, beat forecasts with a 0.5 percent fall in third-quarter net profit and said it was optimistic about its regional expansion strategy.
"NBK's regional plans remain generally intact. We have tightened our levels of control and risk management in light of the ongoing operating challenges in the Arab world," chief executive Ibrahim Dabdoub said on Wednesday.
NBK reported a third-quarter net profit of 78.9 million dinars ($286 million) on Wednesday, compared with a forecast for 74.7 million. Net profit for the nine-month period rose 0.5 percent to 225.6 million dinars.
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