Home Industry Finance Kuwait’s Gulf Bank Q1 Net Profit Climbs 10% The country’s fourth-largest lender by assets said net profit for the first quarter was $31.1 million. by Reuters April 14, 2014 Kuwait’s Gulf Bank missed analyst estimates despite reporting a 10 per cent increase in first-quarter net profit on Monday. The country’s fourth-largest lender by assets said net profit for the three months to the end of March was KD8.73 million ($31.1 million), compared to KD7.94 million in the same period a year ago. Analysts at Global Research and Arqaam Capital had forecast a net profit in the period of KD9 million and KD10 million respectively. In March, the bank named Cesar Gonzalez-Bueno as chief executive, replacing Michel Accad who resigned in October last year. 0 Comments