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Islamic Finance Briefing - Categorized | Banking, Performance more

NBK reports 4pct profit rise for 2009

Posted on 02 February 2010

From Arabianbusiness.com: National Bank of Kuwait posted a four percent increase in full-year profit as the country’s biggest lender by market value expanded operations.

Net income rose to 265.2 million dinars ($925m) from 255.3 million dinars a year earlier, the bank said in an emailed statement. Fourth-quarter profit surged more than fivefold to 63.7 million dinars ($221.5m) from 11.7 million dinars a year earlier, according to Bloomberg calculations based on the full-year data…………………………………..Full Article: Source

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