National Bank of Kuwait SAKP reported third-quarter unaudited profit attributable to shareholders of 93.1 million dinars, up from 86.5 million dinars a year earlier.
EPS was 14 fils, compared to the year-ago 13 fils.
Net interest income for the quarter fell year over year to 141.8 million dinars from 146.0 million dinars, while net fees and commissions increased to 38.1 million dinars from 38.0 million dinars.
Net income from Islamic financing came in at 30.8 million dinars, down on a yearly basis from 32.2 million dinars. Net gains from dealing in foreign currencies amounted to 11.8 million dinars, compared to 10.2 million dinars in the third quarter of 2018.
The bank booked net investment losses of 1.8 million dinars, down from 6.6 million dinars a year earlier. It also registered a provision charge for credit and impairment losses of 37.5 million dinars, compared to the year-ago 51.5 million dinars.
For the nine months ended Sept. 30, the lender's attributable profit rose year over year to 302.2 million dinars from 272.4 million dinars.
As of Oct. 10, US$1 was equivalent to 30 Kuwaiti fils.
