Monday 14, April 2008 by

NBK reports first quarter net profit of USD 309 million

National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, announced net profits of USD 309 million (KD 82 million) during the first three months of 2008 compared to USD 241 million (KD 64 million) for the same period last year, an increase of 28%. Operating income increased by 30% to USD 505.7 million (KD 134.3 million). The Bank reported a return on average assets of 2.87% and a return on average equity of 21.7%.

Features & Analyses

Investment Banking Growth amidst uncertainty

Banker Middle East sat down with Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, to talk about the firm’s seven… read more