CORRECTED-NBK's net profit at $1.1 bln in 2012

Mon Jan 21, 2013 2:01am EST

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(Corrects dollar conversion to bln not mln)

DUBAI Jan 21 (Reuters) - National Bank of Kuwait, the Gulf state's largest lender, posted a slight rise in its 2012 net profit, according to a bourse statement by the Kuwaiti lender on Monday.

Net profit for 2012 stood at 305.12 million dinars ($1.08 billion), compared with 302.4 dinars a year ago, NBK said. The bank recommended the distribution of 30 percent cash dividends and five percent bonus shares for 2012. ($1 = 0.2814 Kuwaiti dinars) (Reporting by Rania El Gamal; Ediitng by Dinesh Nair)