Kuwait finance house q3 net profit falls 10 pct

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DUBAI Oct 23 Kuwait Finance House (KFH) , the country's biggest Islamic lender, reported a 10 percent fall in third-quarter net profit on Thursday, in line with analysts' forecasts. Net profit dropped to 35.5 million dinars ($122.7 million) in the three months to the end of September from 39.3 million dinars in the same period a year ago, the lender said in a bourse filing.

That compared with analysts' average forecast of 35.2 million dinars in a Reuters poll of four analysts.

The bank appointed Mazen Saad Ali Al Nahed, former head of consumer banking at National Bank of Kuwait, as chief executive with effect from Oct. 1, it said last month. [ID: nL6N0QJ1G1]