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Jordan-Kuwait Bank net profit down 8.5%

Jordan-Kuwait Bank has reported an 8.5% fall in its 2009 net profit to JD44.8m ($63m), despite a steady performance as the bank took provisions for doubtful loans, Reuters has reported. Jordan-Kuwait Bank, majority owned by Kuwait's Burgan Bank, said its 2009 provisions more than doubled to JD23.8m.

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