National Bank of Kuwait Q1 net profit rises 3.2 pct

DUBAI, April 13 Sun Apr 13, 2014 2:04am EDT

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DUBAI, April 13 (Reuters) - National Bank of Kuwait , the Gulf Arab state's largest commercial lender, reported a 3.2 percent rise in first-quarter net profit on Sunday, edging ahead of analysts' expectations.

Net profit was 83.9 million dinars ($298.6 million) in the three months to the end of March, compared to 81.3 million dinars a year ago, it said in a bourse filing.

Five analysts in a Reuters poll had predicted 80.70 million dinars in net profit on average for the quarter. ($1 = 0.2810 Kuwaiti Dinars) (Reporting by David French; Editing by Andrew Torchia)