Monday 22 December 2014
 
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CBK

CBK cancels bond over buyer cash concerns

Commercial Bank of Kuwait (CBK) said on Monday it cancelled its KD120 million ($412.7 million) capital-boosting bond last week over potential perception concerns about where some of the buyers were getting cash to participate in the issue.

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Kuwait rate cut unlikely to spur lending

  Kuwait's unexpected 50 basis-point interest rate cut will help reduce borrowing costs for businesses but is not going to be enough to kick-start bank lending without a lasting solution to the country's political crisis.

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Kuwait's CBK Q1 profit drops 75pc

Commercial Bank of Kuwait (CBK), the country's fourth-largest lender, reported a 75-percent drop in first-quarter net profit on Thursday.   Net profit was 329,000 Kuwaiti dinars ($1.19 million) in the first three months of the year, c

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CBK profit sharply down in 2011

Commercial Bank of Kuwait (CBK) made a net profit of KD810,000 ($2.92 million) in 2011, down from KD40.5 million in the prior year period, according to a company statement. The board recommended that no dividend be paid out for 2011, said

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Commercial Bank of Kuwait profit falls 65pc

Commercial Bank of Kuwait (CBK) posted a 65 percent fall in its third-quarter net profit, after booking provisions against loan and investment portfolios, it said on Wednesday, but the results came in better than analysts forecasts. Net in

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CBK posts 91pc drop in Q2 profit

Commercial Bank of Kuwait (CBK) reported a 91 per cent drop in the second-quarter net profit on Wednesday. Net profit in the three months to June 30 was KD198,000 ($724,478), compared to KD2.3 million in the same period last year, the lend

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CBK posts over $71m Q4 profit

Commercial Bank of Kuwait’s (CBK) has posted a net profit of KD20 million ($71.53m) for the fourth quarter of 2010, up from KD1.85 million for the same period in the previous year. Analysts had forecast the lender to post a net profit of K

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CBK to see 'slight profit' in Q1

Commercial Bank of Kuwait (CBK) is expected to post a "very slight profit" in the first quarter of 2010, its chairman said on Sunday. The country's third largest lender will continue with its conservative approach in 2010, but expects see

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CBK board members resign

Commercial Bank of Kuwait said on Sunday that all its board members resigned last week but it did not give a reason for their departure.   The board resigned on January 12, and elections for a new board will start on January 17

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CBK posts $5.6m Q3 loss on provisions

Commercial Bank of Kuwait (CBK) made a third-quarter net loss of 1.6 million dinars ($5.60 million) on provisions against bad loans and investments. The results came well below a forecast by Coast Investment which had predicted a net profi

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