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NBK Q2 net profit falls 4.5% to $240.2m.

Summary: KUWAIT CITY - National Bank of Kuwait (NBK), the country's biggest bank, posted a 4.5 per cent drop in second-quarter net profit, missing analysts forecasts.

KUWAIT CITY - National Bank of Kuwait (NBK), the country's biggest bank, posted a 4.5 per cent drop in second-quarter net profit, missing analysts forecasts.

The lender reported net profit of 65.9 million dinars ($240.2 million) for the second quarter, compared with a net profit of 69 million dinars for the same period last year, it said in a bourse statement on Tuesday.

Analysts polled by Reuters expected NBK to post a net profit of 79.9 million dinars for the second-quarter.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Article Type:Financial report
Date:Jul 12, 2011
Words:125
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