Kuwait's CBK posts $5.6 mln Q3 loss on provisions

Sun Nov 15, 2009 6:15am EST
 
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KUWAIT, Nov 15 (Reuters) - Commercial Bank of Kuwait (CBKK.KW) (CBK) reported a third quarter net loss of 1.6 million dinars ($5.60 million) on Sunday on provisions against bad loans and investments.

In the prior-year period, the bank had net profit of 34.39 million dinars, according to previous financial statements.

Coast Investment had forecast net profit of 6.98 million dinars in the third quarter, according to a Reuters poll. [ID:nL4410441]

(Reporting by Rania El Gamal; Editing by Amran Abocar)

 

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