Kuwait Finance House (KFH), the country's largest Islamic bank, said on Wednesday its profit fell by 24 per cent in 2011, as the lender put aside money to meet investment losses.
Profit for the year fell to KD80.3 million ($289 million) from KD106 million in 2010, the bank said in a statement.
KFH made KD9.6 million in the fourth quarter last year, based on Reuters calculations, compared with an estimated profit of 20 million for the period.
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