VOL. XLIV

No. 16

16-April-2001

KUWAIT

NBK Reports Another Solid Year Of Profit Growth

National Bank of Kuwait (NBK) released its annual report on 28 March in which it revealed a 7.6% increase in profits to KD100.4mn ($325.5mn), compared to KD93.3mn ($302.4mn) the previous year, a 7.8% rise in its asset base to KD4,093.2mn ($13,268.1mn) and a 4% increase in shareholder equity (see Table below). The bank recorded a 3.2% rise in net interest income, a 1.6% rise in forex earnings and a 34.7%...