National Bank of Kuwait Q3 net profit rises 37 pct | Reuters

National Bank of Kuwait posted a 37-percent rise in third-quarter net profit on Thursday, beating analysts forecasts, but said government spending was insufficient and continued to pose a barrier to growth.

The Gulf state's largest lender said net profit was 108.1 million dinars ($384.6 million) in the three months to September 30, compared with 78.9 million dinars a year ago, it said in a bourse statement.

Six analysts in a Reuters poll had predicted 65.09 million dinars net profit on average.
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