National Bank of Kuwait reported flat full-year profits on Thursday, while fourth quarter earnings fell shy of estimates, as the Gulf state's largest lender grappled with what it called a "challenging operating environment."
The lender said net profit was 302.4 million dinars ($1.1 billion) in 2011 compared with 301.7 million in 2010.
Fourth quarter profits stood at 76.8 million, according to Reuters calculations based on previously issued results, down from 77.16 million in the prior-year period.
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