DUBAI, Oct 16 (Reuters) - Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 7.5 percent rise in third-quarter net profit according to a statement on Monday.
Net profit rose to 56.2 million dinars ($186.2 million) in the three months to Sept. 30, Reuters calculated based on nine-month results provided by the company.
EFG Hermes analysts had forecast a net profit of 55.9 million dinars.
National Bank of Kuwait, the Gulf Arab state’s largest commercial lender, last week reported a 7.3 percent rise in third-quarter net profit.
For the nine-month period, KFH reported a net profit of 137.9 million dinars, up 12 percent from a year earlier.
It cited a rise in operating income and a drop in operating expenses.
$1 = 0.3019 Kuwaiti dinars Reporting by Tom Arnold; editing by Jason Neely