Commercial Bank Of Kuwait (KUW:CBK) Tax Rate % : 4.50% (As of Sep. 2024)

View and export this data going back to 1984. Start your Free Trial

What is Commercial Bank Of Kuwait Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Commercial Bank Of Kuwait's Tax Expense for the three months ended in Sep. 2024 was KWD1.2 Mil. Commercial Bank Of Kuwait's Pre-Tax Income for the three months ended in Sep. 2024 was KWD27.1 Mil. Therefore, Commercial Bank Of Kuwait's Tax Rate % for the quarter that ended in Sep. 2024 was 4.50%.

Commercial Bank Of Kuwait Tax Rate % Historical Data

The historical data trend for Commercial Bank Of Kuwait's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Commercial Bank Of Kuwait Tax Rate % Chart

Commercial Bank Of Kuwait Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

Get a 7-Day Free Trial

24.62

4.24

4.38

4.49

Commercial Bank Of Kuwait Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Tax Rate %	Get a 7-Day Free Trial															4.44	4.42	4.66	4.35	4.50

Commercial Bank Of Kuwait Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Commercial Bank Of Kuwait's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	5.238	/	116.537
	=	4.49 %

Commercial Bank Of Kuwait's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Sep. 2024 )	/	Pre-Tax Income (Q: Sep. 2024 )
	=	1.219	/	27.095
	=	4.50 %

Commercial Bank Of Kuwait Tax Rate % Related Terms

Thank you for viewing the detailed overview of Commercial Bank Of Kuwait's Tax Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.

Commercial Bank Of Kuwait Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Commercial Bank Of Kuwait (KUW:CBK) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mubarak Al Kabeer Street, P.O. Box 2861, Safat, Kuwait, KWT, 13029

Website

https://www.cbk.com

Commercial Bank Of Kuwait is the financial institution in Kuwait. It operates corporate and retail banking franchise that provides innovative financial and investment solutions to its growing customer base. The company operates in two segments: Corporate and Retail banking, which provides a full range of lending, deposit, and related banking services to domestic and international corporate and individual customers; and Treasury and Investment banking segment comprises of money market, foreign exchange, treasury bonds, and brokerage services. Most of the bank's revenue is derived from traditional banking net interest income, with the remainder coming from fees and commissions.

Commercial Bank Of Kuwait Headlines

No Headlines