Kuwait's NBK 2nd-qtr net profit falls 32.7 pct

KUWAIT, July 14 (Reuters) - National Bank of Kuwait (NBKK.KW) (NBK), the country's largest bank by assets, posted a 32.7 percent fall in second-quarter net profit mainly on provisions and a fall in the value of investments.

Net income in the first half of the year was 126.1 million dinars ($438.3 million), NBK said in a statement without giving comparative figures.

Reuters calculated second-quarter net profit of 62.6 million dinars based on previous financial data, which showed NBK posting a net profit of 63.5 million dinars in the first quarter.

EFG Hermes had forecast a second-quarter net profit of 68 million dinars, according to a Reuters survey. [ID:nL611165]

NBK said its operating income rose to 275.3 million dinars in the first half from 272 million dinars a year earlier. (Reporting by Rania El Gamal; Editing by Sue Thomas)