Commercial Bank of Kuwait (CBK)

Mubasher: The Commercial Bank of Kuwait (CBK) generated KWD 1.196 million ($3.92 million) worth of net profits in the first half (H1) of 2020, down by 87.8% when compared to KWD 9.809 million ($32.17 million) in the corresponding period in the …

Mubasher: The Central Bank of Kuwait (CBK) has rejected the request of the Commercial Bank of Kuwait (CBK) regarding the distribution of treasury stocks to shareholders. The commercial bank had sought the central bank's consent upon shareholders’ …

Mubasher: Moody’s Investors Service has maintained all credit ratings of the Commercial Bank of Kuwait (CBK), with a ‘Stable’ outlook. The rating agency maintained the ratings of the lender’s long-term and short-term deposits at “A3” and “P-2”, …

Mubasher: The Commercial Bank of Kuwait (CBK) did not register any profits during fiscal year 2019 when compared to profits of KWD 63.8 million in 2018. Total assets grew by 9.1% to KWD 4.87 billion by the end of 2019 from KWD 4.46 billion in …

Mubasher: The National Bank of Kuwait (NBK) and the Kuwait Finance House (KFH) have jointly managed and issued a KWD 350 million ($1.2 billion) financing to the Kuwait Petroleum Corporation (KPC). The two banks were chosen by KPC to manage …

Mubasher: Commercial Bank of Kuwait (CBK) reported a 25.9% decline in profits in the third quarter (Q3) of 2019, as shown by the company’s financial results on Monday. Profits totalled KWD 6.82 million ($22.53 million) compared with KWD 9.19 …

Mubasher: Commercial Bank of Kuwait (CBK) reported it has generated KWD 9.8 million ($32.1 million) in profits during the first half of 2019, compared to KWD 6.4 million ($21 million) in H1-18, Kuwait News Agency (KUNA) reported. Operating …

By: Mohamed Farouk Mubasher: Ten Kuwaiti banks listed on Boursa Kuwait are expected to achieve an increase of 9.6% in profits during the first half of 2019, compared to the year earlier, capital market analyst Ahmed Jassim Al Qamr told Mubasher. …

Mubasher: The Commercial Bank of Kuwait (CBK) lowered its stake to less than 5% in Aayan Leasing and Investment, Boursa Kuwait’s daily report on equity ownership showed. The CBK has reduced its stake in Aayan Leasing from 7.99% to less than 5% by …

Mubasher: Commercial Bank of Kuwait (CBK) announced a 90.5% year-on-year decrease in profits during the first quarter of 2019.  CBK’s profits amounted to KWD 952,000 ($3.14 million) in Q1-19, compared to KWD 10.07 million ($33.19 million) during …

Mubasher: The Commercial Bank of Kuwait (CBK) does not plan to merge with any lender in the meantime, the bank’s CEO told CNBC Arabia. CBK may revisit the merger in the next few years, especially after the wave of consolidation in the banking …

Mubasher: The Commercial Bank of Kuwait (CBK)  has approved distributing cash dividends and bonus shares for 2018. CBK will distribute 20 fils each shares as cash dividends, representing 20% of capital, while bonus shares distribution will make up …

Mubasher: The Commercial Bank of Kuwait (CBK) has achieved an increase of 15% in profits during fiscal year 2018 compared to the prior year. Earnings grew to KWD 63.75 million ($210.26 million) in FY18 from KWD 55.43 million ($182.82 million) in …

Mubasher: Four Kuwaiti banks ranked among the top 500 valuable lenders in terms of market capitalisation in 2019, led by the National Bank of Kuwait (NBK), according to the Banker’s Brand Finance Global 500 2019 report. NBK’s global ranking fell …

Mubasher: The Commercial Bank of Kuwait (CBK) has signed an agreement to settle an indebtedness and legal cases with Al Massaleh Real Estate over credit facilities provided by the CBK and have already reached maturity date. The settlement …

By: Mohamad Farouk Mubasher: The Commercial Bank of Kuwait (CBK) was the top loser in Monday's mid trading, registering its lowest level in six months. CBK’s stock went down 9.8% or 49 fils to reach 451 fils. The decline of the stock followed a …

Mubasher: The Commercial Bank of Kuwait (CBK) registered a decline of 26.2% in profits during the third quarter of 2018 compared to the same period in the prior year. Earnings shrank to KWD 9.19 million ($30.37 million) in Q3-18 from KWD 12.45 …

Mubasher: The Commercial Bank of Kuwait (CBK) has reported a 200% year-on-year increase in net profits during the first half of the year. Profits totalled KWD 6 million ($19.8 million), compared with around KWD 2 million in H1-17, according to the …

Mubasher: Al Sharq Holding Co has increased its equity ownership in the Commercial Bank of Kuwait (CBK) by 0.111%, according to a bourse statement on Wednesday. Al Sharq’s stake in the CBK enlarged on Tuesday, 17 July, to 23.221% from 23.11%. It …

Mubasher: Moody’s Investors Service has affirmed the Commercial Bank of Kuwait’s (CBK) credit ratings with a “Stable” Outlook. The rating agency has affirmed the bank’s long-term deposits at “A3”, according to a bourse statement on Monday. This …

Mubasher: The Commercial Bank of Kuwait (CBK) announced that Capital Intelligence (CI) has affirmed the bank’s entire credit ratings with a “Stable” outlook. CI has affirmed CBK’s long- and short-term foreign currency credit ratings (FCR) at “A+” …

Mubasher: Commercial Bank of Kuwait (CBK) on Tuesday posted a 1,166.5% year-on-year hike in profits for the first quarter of 2018. Net profits soared to KWD 10.07 million ($33.47 million) in the three-month period ended March 2018, versus KWD …

Mubasher: The ordinary general meeting (OGM) of the Commercial Bank of Kuwait (CBK) approved the board’s recommendation to distribute 18% of capital as cash dividends for fiscal year 2017. The Kuwait-based lender will pay 18 fils per share as …

Mubasher: The Commercial Bank of Kuwait (CBK) achieved an increase of 78.9% in profits during the fourth quarter of 2017 compared to the same period in the prior year. Earnings grew to KWD 40.99 million ($136.9 million) in Q4-17 from KWD 22.91 …

Kuwait – Mubasher: The Kuwaiti Court of Cassation on Sunday adjourned its judgment on the appeal presented by Commercial Bank of Kuwait (CBK) against the Court of Appeal’s judgment in favour of Investment Dar Company and other companies to 27 …