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CBK swings to profit in third quarter

Kuwait, November 11, 2010

Commercial Bank of Kuwait (CBK) reported on Thursday a third quarter net profit of KD19.64 million ($70.37 million).

The lender made a net loss of KD2.48 million in the third quarter of 2009, it said in a statement on the Kuwaiti bourse website.

Net profit in the nine months to September 30 came in at KD20.5 million.-Reuters




Tags: Commercial Bank of Kuwait | investment | finance |

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