Thursday 10, July 2008 by

NBK reports net profit of $661 million

National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East by the leading rating agencies, reported a record net profit of $661.3 million during the first six months of 2008. Compared with the same period last year, earnings were up by 21 per cent. Return on assets for the period was 3.1 per cent with return on equity at 23.5 per cent.

Features & Analyses

Islamic Finance The path forward

After years of milestones, Islamic finance in Dubai and beyond still has work to do, writes Abdulla Mohammed Al Awar, CEO of DIEDC read more