Tag Archives: CBK

Tijari records net profit of KD 27.5 mln for 9M – Total assets reach KD 4,047 million

KUWAIT CITY, Nov 5: Commercial Bank of Kuwait announced net profit of KD 27.5 million for the nine months period of 2016 compared with KD 25.4 million of same period last year, a growth of 8.2  percent. The fee income witnessed year on year growth of 8.8 percent, foreign exchange …

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CBK gov discusses financial stability, innovation and reforms – Central bank introduces host of new measures in line with recommendations of Basel Committee: Dr Al-Hashel

Following is the keynote speech delivered by HE Dr Mohammad Y. Al-Hashel, governor, central bank of Kuwait at the euromoney conference in Kuwait. – Editor Your Excellency, the Deputy Prime Minister, Minister of Finance, and Acting Minister of Oil, Distinguished Guests, Sabah-al-khair and a very good morning. I am delighted …

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‘Operational risk is significant threat facing financial bodies’ – Cyber attacks disrupting core operations: CBK Governor

KUWAIT CITY, Aug 9: Operational risk is one of the most significant risks faced by any financial institution, as evidenced by the major losses of the financial services industry experienced over the past few decades which were prompted by a series of operational failures. The current risk profile of financial …

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CBK records net profit of KD 7.8 mln for Q1 – Total assets reach KD 4,147 million at end of March 2016

KUWAIT CITY, April 25: Commercial Bank of Kuwait announced net profit of KD 7.8 million for the first quarter of 2016 up by 22.8 percent compared with KD 6.3 million for Q1 2015. The Bank’s operating profits before provisions reached KD 28.6 million up by 4.4 percent compared with KD …

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CBK praised for Kuwait’s financial stability – Cenbank policies cushion impact of dwindling oil prices

KUWAIT CITY, March 27, (KUNA): Drastic fall of crude oil prices has brought to the surface enormous difficulties facing Kuwait economic and financial decision-making authorities. Not only so, the hardships have also revealed the efforts exerted to keep ripples of the international financial crisis at bay. During recent times, when …

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Commercial Bank of Kuwait presents financial results at AGM – Statements reflect improvement in shareholders’ equity, along with higher retained earnings

Following is a message from Ali Mousa Al Mousa, Chairman of Commercial Bank of Kuwait during the Bank’s AGM                                                   – Editor In the name of Allah the Most Gracious, the Most Merciful Our valued shareholders, our respectable attendees On behalf of myself and the Board of Directors, I am pleased …

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CBK records net profit of KD 46.2mn for 2015 – Board recommends 13% cash dividend, 6% bonus shares

KUWAIT CITY, Jan 30: Commercial Bank of Kuwait announced an operating profit of KD 99 million (before provisions and taxes) for the year 2015. The net profit of the bank was KD 46.2 million with earnings per share of 32.7 fils. The Board of Directors recommended to the General Assembly …

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IFC could help in growth of Islamic finance industry – Event can provide forum for global dialogue to boost the sector

KUWAIT CITY, Nov 10, (KUNA): Governor of Central Bank of Kuwait (CBK) Mohammad Yousef Al-Hashel has said the Islamic Finance Conference (IFC) to be hosted by Kuwait tomorrow can provide a forum for global forum to develop a vision for the sustained growth of the Islamic financial industry. The conference …

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Tijari records net profit of KD 25.4 mln for nine months – Bank continues to maintain lowest NPL ratio at 0.94%

KUWAIT CITY, Oct 21: Commercial Bank of Kuwait announced net profit of KD 25.4 million for the nine months period of 2015 compared with KD 25.3 million of last year. The operating profit before provision was KD 74.0 million compared to KD 73.5 million for the same period during last …

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