Kuwait International Bank posts profit for first nine months of year

26 October 2010

Bank made losses in the same period last year

Kuwait International Bank (KIB) has said its net profit in the first nine months of this year stood at KD13.1m ($46.5m), offsetting KD4.6m in losses recorded in the same period last year, Kuna has reported. The bank’s third quarter net profit reached KD8.1m compared to KD1.1m in losses in the same period last year.

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