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Kuwait's CBK gets nod for $425m bondCommercial Bank of Kuwait, the country's fifth-largest lender by assets, has received regulatory approval to issue up to 120 million dinars ($425.8 million) of bonds, as it prepares to convert into an Islamic bank. In April, C More… |
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Commercial Bank of Kuwait goes IslamicCommercial Bank of Kuwait, the country's fifth largest lender by assets, said a majority of shareholders had approved a plan to convert the bank into a full-fledged Islamic lender, state news agency KUNA reported. The bank' More… |
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Commercial Bank of Kuwait doubles Q1 profitCommercial Bank of Kuwait, the Gulf state's fifth largest lender by assets, reported a steep rise in first-quarter net profit on Tuesday, as the amount of non-performing loans fell but said it still had to book hefty impairment charges. More… |
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Kuwait's Commercial Bank plans unit liquidationCommercial Bank of Kuwait, said on Sunday it plans to liquidate its investment unit, according to a bourse filing. The bank has received necessary approval to hold an extraordinary general meeting and discuss the liquidation of Co More… |
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Disputed stake ‘obstacle’ to NBK-Boubyan dealNational Bank of Kuwait moved a step closer to a takeover of Kuwait's Boubyan Bank on Wednesday, but a disputed stake held by another bank remains an obstacle to the $2.1 billion deal. The Boubyan Bank board gave its backing to its main sh More… |
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Kuwait's CBK Q1 profit drops 75pcCommercial Bank of Kuwait (CBK), the country's fourth-largest lender, reported a 75-percent drop in first-quarter net profit on Thursday. Net profit was 329,000 Kuwaiti dinars ($1.19 million) in the first three months of the year, c More… |
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Commercial Bank of Kuwait names new chairmanCommercial Bank of Kuwait (CBK), the Gulf state's fourth largest lender, has named Ali Al-Moussa as its new chairman, the company said in a statement posted on the bourse website on Monday. In February CBK reported a sharp drop in full-yea More… |
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CBK profit sharply down in 2011Commercial Bank of Kuwait (CBK) made a net profit of KD810,000 ($2.92 million) in 2011, down from KD40.5 million in the prior year period, according to a company statement. The board recommended that no dividend be paid out for 2011, said More… |
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CBK says court rejects Dar claimCommercial Bank of Kuwait (CBK) said that a regulatory court had dismissed a case brought by Investment Dar over a disputed stake in Boubyan Bank. CBK and Dar are in litigation over the Boubyan stake which Dar sold to CBK in 2008 to More… |
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CBK posts 91pc drop in Q2 profitCommercial Bank of Kuwait (CBK) reported a 91 per cent drop in the second-quarter net profit on Wednesday. Net profit in the three months to June 30 was KD198,000 ($724,478), compared to KD2.3 million in the same period last year, the lend More… |
