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NBK’s Q2 net income up 28.9%

: Sunday, July 20 - 2014 @ 09:48

National Bank of Kuwait (NBK) has reported a 28.9% jump in its second-quarter net profit on the back of improvement in domestic economic activity, AFP has reported. NBK, the country’s largest lender, posted a net profit of KD60.85m ($216.5m), compared with KD47.2m ($168m) in the corresponding period of 2013. The bank’s net profit in the first half of 2014 also increased 12.6% to KD144.8m ($515.3m) from KD128.5m ($457.3m) in the same period of last year, the bank said. New NBK chief executive, Isam al-Sager, attributed the increase to a pick-up in local economy.

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Sunday, July 20- 2014 @ 9:48 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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