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Islamic Finance Briefing - Categorized | Banking, Performance more

Profits slump at Kuwait’s top Islamic bank

Posted on 25 April 2011

Kuwait Finance House, the emirate’s leading Islamic bank, said Sunday its net profit in the first quarter slumped 26.9 percent on year as the lender made more precautionary provisions.
KFH posted 22.6 million dinars ($81.6 million) in net profit in the first three months of this year compared with 30.9 million dinars ($111.6 million) in the same period of 2010, the bank said in a statement……………………………………….Full Article: Source

 
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