Kuwait's Gulf Bank Q3 net profit rose by 10 pct

Net profit for the three months to Sept. 30 was $40.1 million

  
Kuwaiti investors are seen on the trading floor of the Kuwait Stock Exchange October 7, 2008.

Kuwaiti investors are seen on the trading floor of the Kuwait Stock Exchange October 7, 2008.

REUTERS/Stephanie McGehee
DUBAI, Nov 6 (Reuters) - Gulf Bank , Kuwait's fourth-largest lender by assets, reported a 10 percent rise in third-quarter net profit on Sunday.

* Net profit for the three months to Sept. 30 was 12.1 million dinars ($40.1 million), compared to 11.0 million dinars in the same period of last year, a bourse filing said.

* Net interest income rose to 29.1 million dinars in the third quarter of 2016 from 28.4 million dinars a year earlier

* Fees and commissions rose to 7.8 million dinars from 7.0 million dinars in the year earlier period.

($1 = 0.3022 Kuwaiti dinars)

(Reporting by Tom Arnold; Editing by David French) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))


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