VOL. XLIV

No. 05

29-January-2001

KUWAIT

NBK Announces Record 2000 Profit Of $330Mn

National Bank of Kuwait (NBK) announced on 21 January that it had achieved record profits for the year 2000 of KD100.4mn ($330mn), representing a 7.6% increase over the previous year. According to a statement from the bank, as a result NBK reported a return on equity of 25.3% and a return on assets of 2.5%. The bank announced a dividend yield of around 7.7% of 57 fils compared to 52 fils in 1999 and reported a 23%...