Kuwait's Gulf Bank Q4 net profit up 7.4 pct

Net profit for the three months to Dec. 31 was $33.1 mln

  
Kuwaiti investors watch the price index boards at the Kuwait Stock Exchange October 7, 2008.

Kuwaiti investors watch the price index boards at the Kuwait Stock Exchange October 7, 2008.

REUTERS/Stephanie McGehee
DUBAI, Jan 30 (Reuters) - Gulf Bank, Kuwait's fourth-largest lender by assets, reported a 7.4 percent rise in fourth-quarter net profit on Monday.

* Net profit for the three months to Dec. 31 was 10.1 million dinars ($33.1 million), compared with 9.4 million dinars in the year-earlier period, according to Reuters' calculations based on financial statements in lieu of a quarterly breakdown.

* Net profit was 42.9 million dinars for the full-year of 2016, according to a bourse filing, compared with 39.0 million dinars for the previous year.

* The bank's board proposed a cash dividend of 7 fils per share for 2016. This compares with the 2015 payout of 4 fils per share.

($1 = 0.3048 Kuwaiti dinars)

(Reporting by Tom Arnold, editing by Louise Heavens) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))






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