DUBAI, May 16 (Reuters) - Gulf Bank GBKK.KW , Kuwait's fourth-largest lender by assets, reported a 10 percent fall in first-quarter net profit on Monday, as provisions and impairment losses for bad loans rose.

Net profit for the three months to Mar. 31 was 8.77 million dinars ($29.09 million), compared to 9.78 million dinars in the year-earlier period, a bourse filing said.

It attributed the net profit fall to a 14 percent increase in provisions and impairment losses, without elaborating.

($1 = 0.3015 Kuwaiti dinars)

(Reporting by Tom Arnold; Editing by David French) ((; +97144536265; Reuters Messaging: