Kuwait – Mubasher: The Commercial Bank of Kuwait reported that its net profit for the second quarter of 2016 declined 63.9% year-over-year to KWD 3.74 million ($12.39 million) from KWD 10.35 million ($34.28 million), a bourse statement revealed.
Over the first six months, the bank earned KWD 11.51 million, down 31% year-on-year from KWD 16.67 million.
In the first quarter, the bank registered KWD 7.77 million profits, compared with KWD 6.32 million for the year-ago period.
