VOL. XLVI
No 29
21-July-2003
BANK RESULTS
NBK Profits Climb 3.7% In First Half
National Bank of Kuwait (NBK), the largest financial institution in Kuwait, reported a net profit of $195mn for the first half of this year compared to $188mn for the same period in 2002. This puts NBKs return on equity at 26.7% and the return on assets at 2.2%, the bank said. Our first half results are quite encouraging, considering the low interest rate environment we have been experiencing for over two years. We have...
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