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FinancialNews
15-04-19
NBK hits USD354.45m in net profit
(MENAFN) National Bank of Kuwait (NBK) generated USD354.45 million in its net profit during the first three months of 2019, marking a boost by 15.1 percent.
This surge is attributed to hikes in interest profit along with reduced provisioning charges, to exceed projections analysts made.
NBK assured that results witnessed from January to March are an indication of solid development in the volume of activities.
EFG Hermes forecast NBK to see 100 million dinars of net income during the first quarter, while SICO Bahrain expected 96 million dinars.
MENAFN1504201900450000ID1098389755
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