PHOTO
A general view taken on June 14, 2017 shows the National Bank of Kuwait (NBK) (L) and Burqan Bank (R) headquarters in Kuwait City. (Photo by Yasser Al-Zayyat / AFP)
National Bank of Kuwait (NBK), the Gulf country’s largest lender, posted 5.7% rise in Q3 2024 net profit attributable to owners at 165 million dinars ($538 million)
In a regulatory statement on the Kuwait stock exchange on Thursday, NBK said operating revenue was KWD 318.6 million versus KWD 298 million in the year-ago period.
For the nine-month period ending September 30, the lender made a net profit of KWD 457 million, primarily on higher operating income and lower provisions, that were partly offset by higher operating expenses and higher taxes.
(Writing by Brinda Darasha; editing by Bindu Rai)
