Wednesday 22, January 2014 by Robin Amlôt

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.

Features & Analyses

Commercial Banking Banking—creatively disrupted

Sanjeev Kumar, Group CEO, M Holdings Limited, discusses how Bank M became a top bank in Tanzania and why it is now taking its offering… read more