kuwaits nbk profits drop in fourth quarter rise for 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Kuwait's NBK profits drop in fourth quarter, rise for 2015

Arab Today, arab today

Arab Today, arab today Kuwait's NBK profits drop in fourth quarter, rise for 2015

National Bank of Kuwait's net profit for the last three months of 2015
Kuwait City - AFP

National Bank of Kuwait, the emirate's largest lender, said Thursday its net profit fell in the fourth quarter but rose in 2015 as a whole on increased activity.

Net profit for the last three months of 2015 was down 6.7 percent to $179 million (164 million euros) from $191.1 million a year ago.

Net income last year however rose 7.8 percent year-on-year to $931.2 million compared to $864 million at the end of the previous year.

Chairman Nasser al-Sayer attributed the rise in full-year profits to an upturn in economic activity in Kuwait last year despite a steep fall in oil revenues.

Activity was picking up as the government continued "to deliver on the awarding and execution of mega projects. This has reflected positively on the growth trends of NBK's operating income," he said.

Last year, assets grew 8.3 percent to $77.8 billion, while shareholder equity increased 3.8 percent to $8.6 billion.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwaits nbk profits drop in fourth quarter rise for 2015 kuwaits nbk profits drop in fourth quarter rise for 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwaits nbk profits drop in fourth quarter rise for 2015 kuwaits nbk profits drop in fourth quarter rise for 2015

 



GMT 11:28 2017 Saturday ,15 April

President Al-Bashir's visit to Kuwait and Bahrain

GMT 07:51 2017 Sunday ,26 November

HRH Crown Prince condoles with Egyptian President

GMT 14:35 2018 Friday ,12 October

Bahrain's media history documentation hailed

GMT 11:45 2017 Friday ,29 December

10 bodies found in mass grave in Myanmar

GMT 08:44 2016 Monday ,19 December

Hopeless Afghan struggle to save boy sex slaves

GMT 15:15 2013 Friday ,05 July

I breathe freedom in Jordan

GMT 12:55 2016 Sunday ,18 December

Kerry in likely last visit with Saudi king

GMT 05:49 2017 Wednesday ,24 May

Indian police make arrests after mobs lynch 8

GMT 12:12 2017 Sunday ,19 February

More South Sudanese officials quit unity gov't

GMT 09:25 2017 Wednesday ,09 August

Ghada Abdel Raziq prefers exciting drama

GMT 15:03 2017 Saturday ,14 October

HM King congratulates French President
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday