Kuwait’s Gulf Bank Q2 net gain rises 9%

Kuwait’s Gulf Bank, the state’s fourth-largest lender by assets, reported a nine per cent increase in second-quarter net profit on Tuesday.

Net profit for the three months to the end of June was KD6.87 million ($24.4 million), compared to KD6.3 million in the year-earlier period, according to Reuters calculations.

Gulf Bank didn’t provide a quarterly breakdown so Reuters calculated the figure based on the bank’s first-half financial statement.

The bank made a net profit of KD 15.6 million in the first half of 2014.

Compiled from Reuters