Commercial Bank of Kuwait (CBK) News - Mubasher Info
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30 December 02:25 AM

Commercial Bank of Kuwait (CBK`R)

Last update: 6 January 12:22 PM market time.
665.00
15.00
2.31%
Open 675.00
Previous Close 650.00
High 675.00
Low 665.00
Stock Statistics
Volume 7,221
Turnover 4,801.98
All data are 15 minutes late during market session

News

The profits plunged by 96.1% annually in Q2
10 August 2020 11:55 AM CBK’s profits shrink 88% in H1-20
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 …
Banking and Finance
The treasury stocks amount to nearly 68.6 million shares
20 May 2020 10:45 AM Kuwait C. bank rejects CBK’s request to distribute treasury stocks
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’ …
Corporate Actions
The rating of the lender’s long-term deposits was maintained at “A3”
30 April 2020 10:19 AM Moody’s maintains CBK’s credit ratings; outlook stable
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”, …
Ratings
No dividends were proposed for 2019
19 February 2020 09:35 AM CBK: Zero profit registered in 2019, KWD 17m loss incurred in Q4
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 …
Board of Directors
Photo Archive
5 November 2019 02:05 PM KPC obtains KWD 350m financing from local banks
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 …
Sukuk and Islamic Finance
Commercial Bank of Kuwait
4 November 2019 04:57 PM CBK sees 26% decrease in quarterly profits
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 …
Financial Results
The bank’s total loans grew by 9% year-on-year in H1-19
24 July 2019 08:53 AM CBK logs KWD 9.8m profits in H1
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 …
Financial Results
AUB Kuwait is forecast to have the lowest growth rate of 3.6% in profits
7 July 2019 00:13 PM Kuwait’s banks likely to see 10% rise in H1-19 profits – Analyst
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. …
Banking and Finance
The CBK has reduced its stake in Aayan Leasing from 7.99%
3 July 2019 11:33 AM CBK cuts stake in Aayan Leasing to below 5%
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 …
Companies Investments
Operating revenues slid 1.5% to KWD 36.93 million in Q1-19
15 May 2019 02:11 PM CBK’s profit plunges 91% in Q1 on lower operating revenues
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 …
Banking and Finance
CBK is expected to improve its earnings this year
15 April 2019 02:48 PM CBK rules out merger with other bank in meantime – CEO
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 …
Banking and Finance
CBK OKs distributing dividends, bonus shares for 2018
24 March 2019 07:05 PM CBK OKs distributing dividends, bonus shares for 2018
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 …
Board of Directors
CBK achieved a growth of 18.4% in profits in Q4-18
12 February 2019 10:29 AM CBK records KWD 64m profits in FY18; dividends proposed
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 …
Banking and Finance
Four Kuwaiti banks ranked among the top 500 valuable lenders in terms of market capitalisation in 2019
23 January 2019 05:53 PM 4 Kuwaiti banks nab spots among world’s top valuable brands
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 …
Banking and Finance
A provision has been already created for this amount of money
5 December 2018 04:10 PM CBK settles debt with Al Massaleh for KWD 49m guarantee
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 …
Real estate
The banking segment fell 0.78% in line with the decline of CBK’s stock
5 November 2018 00:07 PM CBK’s stock falls to 6M low Monday
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 …
Trading Activities
CBK closed Monday’s session 0.98% lower at 505 fils
22 October 2018 03:06 PM CBK posts 26% lower profit in Q3
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 …
Financial Results
Photo Archive
16 August 2018 00:51 AM CBK profits triple in H1
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 …
Financial Results
Al Sharq’s stake in the CBK enlarged to 23.221%
18 July 2018 05:26 PM Al Sharq Holding raises stake in CBK
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 …
Trading Activities
The rating agency has affirmed CBK’s long-term deposits at “A3”
11 June 2018 01:34 PM Moody’s affirms CBK ratings, Outlook “Stable”
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 …
Ratings
CI has affirmed CBK’s long- and short-term foreign currency credit ratings (FCR) at “A+” and “A2”
3 June 2018 00:22 PM CI affirms CBK’s ratings; outlook “Stable”
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+” …
Ratings
Net profits soared to KWD 10.07 million ($33.47 million) in Q1-18
1 May 2018 11:16 AM CBK Q1 profit skyrockets 1,166%
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 …
Financial Results
CBK’s shareholders also approved raising the capital to KWD 164.63 million
1 April 2018 00:35 PM CBK nods to FY17 dividends, bonus; capital hike approved
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 …
Cash Dividends
Earnings grew to KWD 40.99 million ($136.9 million) in Q4-17
12 February 2018 03:13 PM CBK profits grow 10% in FY17; dividends proposed
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 …
Cash Dividends
The case is based on a contested 19.2% stake of Boubyan Bank
3 December 2017 10:37 AM Kuwaiti Court of Cassation adjourns Boubyan Bank’ 19.2%-stake case
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 …
Law