No. 29



NBKReports 12% Rise In 1H Profits For 2001

The National Bank of Kuwait (NBK) announced on 10 July that it hadachieved a record net profit for the first half of 2001 of KD56.3mn ($183mn), a12% rise over 1H 2000 results and a return on equity of 27.2% and a return onassets of 2.75 %. Total assets stood at $13.3bn as of 30 June 2001. Accordingto a statement issued by the bank, the results were a reflection of its strong franchisegiven the challenging operating...