Wednesday 27 August 2014
 
»
Tag
 
»
Commercial Bank of Kuwait

Kuwait's CBK gets nod for $425m bond

Commercial Bank of Kuwait, the country's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank. In April, C

More…

Commercial Bank of Kuwait goes Islamic

Commercial Bank of Kuwait, the country's fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender, state news agency KUNA reported. The bank'

More…

Commercial Bank of Kuwait doubles Q1 profit

Commercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, reported a steep rise in first-quarter net profit on Tuesday, as the amount of non-performing loans fell but said it still had to book hefty impairment charges.

More…

Kuwait's Commercial Bank plans unit liquidation

Commercial Bank of Kuwait, said on Sunday it plans to liquidate its investment unit, according to a bourse filing. The bank has received necessary approval to hold an extraordinary general meeting and discuss the liquidation of Co

More…

Disputed stake ‘obstacle’ to NBK-Boubyan deal

National Bank of Kuwait moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the $2.1 billion deal. The Boubyan Bank board gave its backing to its main sh

More…

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

More…

Commercial Bank of Kuwait names new chairman

Commercial Bank of Kuwait (CBK), the Gulf state's fourth largest lender, has named Ali Al-Moussa as its new chairman, the company said in a statement posted on the bourse website on Monday. In February CBK reported a sharp drop in full-yea

More…

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

More…

CBK says court rejects Dar claim

Commercial Bank of Kuwait (CBK) said that a regulatory court had dismissed a case brought by Investment Dar over a disputed stake in Boubyan Bank. CBK and Dar are in litigation over the Boubyan stake which  Dar sold to CBK in 2008 to

More…

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

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads