Mubasher: Jordan Kuwait Bank – Jordan reported on Tuesday a rise of 38.7% in its net profit for the third quarter of 2016 to JOD 8.78 million ($12.38 million), compared to JOD 6.33 million ($8.93 million) for Q3-15.

Net profit for the first nine months of 2016 reached JOD 24.64 million, 9% down from JOD 27.09 million for the same period of 2015, according to a bourse filing.

The bank earlier reported a net profit of JOD 7.8 million for Q2-16, falling by 29.7% from JOD 11.1 million for Q2-15.