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CBK posts 91pc drop in Q2 profit

Kuwait, August 3, 2011

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 lender said in a statement.

Net income in the first half of the year was KD1.5 million compared with KD890,000 a year ago. – Reuters

Tags: Commercial Bank of Kuwait | profit | CBK | Second quarter |

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