The bank explained in a statement that profits had declined in 9 months by 10.7 percent, compared to the same period in 2023.
Earnings per share amounted to 49.4 fils per share.
The bank said in a statementKuwait Stock Exchange Net profits in the third quarter ending last September 30 amounted to 25.8 million dinars (about 85.1 million dollars), a decrease of 13.6 percent compared to the third quarter of last year.
And come back Commercial Bank of Kuwait The decrease in net profits compared to the same period last year is due to an increase in recoveries of loan losses during the past year as a result of a court ruling, in addition to the increase in operating expenses, which was partially offset by an increase in net interest income and income from fees and commissions.