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National Bank of Kuwait Q2 net profit up 9.9 pct, misses estimates
July 14, 2015 / 11:39 AM / 2 years ago

National Bank of Kuwait Q2 net profit up 9.9 pct, misses estimates

DUBAI, July 14 (Reuters) - National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, reported a 9.9 percent increase in second-quarter net profit on Tuesday, missing the average forecast of analysts.

Net profit was 66.9 million dinars ($221.2 million) in the three months to the end of June, it said in a statement. This compared to 60.9 million dinars in the corresponding period a year ago.

Four analysts polled by Reuters, on average, forecast NBK to post a net profit of 76.8 million dinars during the quarter. ($1 = 0.3024 Kuwaiti dinars) (Reporting by David French; Editing by Olzhas Auyezov)

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