Commercial Bank Of Kuwait Q2 Net Profit Drops 5.4 Pct

Commercial Bank of Kuwait , the state’s seventh largest listed bank by market value, reported a 5.4 percent decline in second-quarter net profit on Wednesday.

The lender made a net profit of 122,000 dinars ($433,000) in the three months to June 30, compared with 129,000 dinars in the corresponding period of 2011, according to a bourse filing.

An analyst at EFG Hermes forecast net profit of 4.4 million dinars, according to a Reuters poll.

Reuters