National Bank of Kuwait

rdf:langString National Bank of Kuwait

rdf:langString Consortium of Kuwaiti merchants

rdf:langString Hamad Mohammed Al Bahar Isam Al Sager Shaikha Al Bahar Salah Al Fulaij

rdf:langString National Bank of Kuwait Logo.svg

rdf:langString بنك الكويت الوطني

rdf:langString Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management

rdf:langString NBK

rdf:langString The National Bank of Kuwait (NBK) was founded in 1952. It is the largest financial institution in Kuwait. With branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore. And a regional presence across the Middle East in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the UAE. The group reported a net profit after non-controlling interests of KD 370.7 million compared to KD 322.4 million for 2017, an increase of 15%. Operating profit amounted to KD 606.9 million as compared to KD 557.2 million in 2017, an increase of 8.9%. Net interest income and net income from Islamic financing at KD 690.5 million reflects a 9.8% increase on 2017 (KD 629 million). Net fees and commissions at KD 150.2 million reflects an 8.4% increase on 2017 (KD 138.6 million). Net gains from dealing in foreign currencies amounted to KD 39 million in 2018 as compared to KD 33.7 million in 2017. Operating expenses amounted to KD 276.3 million, as compared to KD 265.4 million in 2017. The cost to income ratio for 2018 improved to 31.3% as compared to 32.3% in 2017. Provision charge for credit losses and impairment losses amounted to KD 179.7 million, as compared to KD 188.2 million in 2017. The return on average equity at 12% in 2018 compared to 10.8% in 2017.

rdf:langString بنك الكويت الوطني