Wednesday 22, January 2014 by Robin AmlĂ´t

NBK reports 2013 net profit at $844 million

National Bank of Kuwait (NBK), the largest Kuwaiti bank, reported net profits of $844 million (KWD 238.1 million) for the year 2013 compared with $1,082 million (KWD 305.1 million) in 2012. Adjusting for the $289 million (KWD 81.5 million) exceptional gains recognized in 2012 on the consolidation of Boubyan Bank, net profits recorded a 6.5 per cent year on year growth.