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Gulf Bank Q3 profit falls 98%
- Kuwait: Monday, October 26 - 2009 at 13:37
Kuwait's Gulf Bank has announced that its third-quarter profit dropped 98% on provisions for bad loans. The bank's net income declined to 469,000 dinars ($1.6m) or zero fils per share, from 29.9 million dinars, or 25 fils a share, in the year-earlier period, reported Bloomberg.
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StaffMonday, October 26 - 2009 at 13:37 UAE local time (GMT+4)
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