DUBAI, July 16 National Bank of Kuwait
, the Gulf Arab state's largest commercial lender,
reported a 29 percent rise in second-quarter profit on Wednesday
but missed analysts' estimates.
Net profit climbed to 60.9 million dinars ($215.8 million)
in the three months to June 30 from 47.2 million dinars a year
earlier, according to Reuters calculations based on the bank's
first-half financial statement.
Analysts in a Reuters poll had predicted 74.8 million dinars
profit on average.
For the first half of this year, profit rose to 144.8
million dinars from 128.5 million dinars a year earlier, as the
operating environment in Kuwait continued to improve with a
pick-up in the economy, the bank said.
($1 = 0.2822 Kuwaiti Dinars)
(Reporting by Andrew Torchia; Editing by David French)