No. 34



NBK Produces Record Profits In 1995

A better than expected performance by the wider Kuwaiti economy in 1995 has allowed National Bank of Kuwait (NBK), the premier bank in Kuwait and one of foremost banks in the Gulf, to announce a 19% increase in profits for 1995 and a cash dividend of KD56mn. NBK's performance indicators, and in particular its return on average equity of just over 19%, are good by any standards, but particularly so for a bank of its...