My Tools

  • Loans Calculator

    Calculate the loan amount you can borrow or alternatively, the monthly payments you can afford.

    How much can i...borrowafford
    KD

    You can borrow only a maximum amount of.

    Calculate

    Rate of interest is 5.0% pa.

    KD
    KD
    24 Months

    Adjust repayment tenure to change EMI

    This is for demonstrative purpose only. Call 1801801 or visit a branch for exact calculations.

  • Term Deposit Calculator

    This is for demonstrative purposes only. Call 1801801 or visit a branch for exact calculations.

  • I would like to apply
  • Branch / ATM Locator
  • Al Jawhara

    Al Jawhara, Kuwait's Best Prize!

    KD
    Calculate

    The minimum deposit is KD 50 and for 1 month. Terms & conditions apply.

  • Weather

    oC Feels like
    oC

    Humidity %
    Wind From
    Wind Speed kph
    Sunrise
    Sunset
    Updated:
  • Prayer Timings

    Kuwait Prayer Times
    Friday,April 25,2014

    • Fajr 03:44 AM
    • Sunrise 05:12 AM
    • Dhuhr 11:47 AM
    • Asr 03:22 PM
    • Maghrib 06:21 PM
    • Isha 07:51 PM
  • Ask a Question
  • Market Indices
    Price: 100010
    Open: 990High: 1000
    Low: 990Close: 1000
    Volume: 976,182
    • Summary
      StatusIndexChange %Volume
      Market Closed6446.80 150,683,900
    • Top Gainers

      Company Chg. % Cur. Price
      ARKAN9.26118
      ACICO8.33325
      GYPSUM7.69140
      FUTUREKID7.22104
      NSH7.04152
      NCCI6.9477
      TAMINV4.81218
      SALBOOKH4.7688
      TAHSSILAT4.1176
      AJWAN3.5159
    • Top Losers
      Company Chg. % Cur. Price
      PEARL-6.8220.50
      GCEM-6.67112
      MRC-5.88128
      IRC-4.6961
      ASC-4.26450
      ARZAN-4.0571
      MARKAZ-4144
      AMAR-3.9573
      NIND 9-3.85257.309998
      HITSTELEC-3.3957
    • By Volume
      Company Volume Price
      ALDEERA`R29,493,27742
      GFH`R11,415,68552
      AAYAN`R7,465,15679
      IFA`R5,110,81465
      ALIMTIAZ`R4,508,05183
      DANAH`R3,986,78075
      MAYADEEN`R3,701,39022
      KCIC`R3,533,93468
      MANAZEL`R3,385,41649.50
      GCEM`R3,043,733112
  • Currency Converter

    Error: Generic error message here.

    10000

    Click here to view the Currency Rates

News

NBK records net profit of USD 534.4 million for first half of 2011

 

Dabdoub: NBK’s performance confirms our strong earning capabilities despite weak economic environment
NPLs/Gross Loans ratio dropped to 1.61% with a coverage ratio of 221.6%

National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of USD 534.4 million (KD 146.7 million) for the first half of 2011 compared with USD 529.2 million (KD 145.2) for the same period last year.
As of end of June 2011, NBK Group’s total assets stood at USD 49.9 billion (KD 13.7 billion), total shareholders’ equity grew to USD 8.0 billion (KD 2.2 billion). NBK Group’s net operating income grew at 6% YoY reaching USD 968.9 million (KD 265.9 million). Asset quality indicators remained exceptionally strong by regional and international standards with NPLs/Gross loans ratio dropping to 1.61% and coverage ratio reaching 221.6% as of end of June 2011.

Ibrahim Dabdoub, NBK’s Group Chief Executive Officer, said “The consistency of our strong performance and resilient profitability is a testimony to our approach of focusing on core banking business in the region.” Dabdoub added that the current results were achieved despite a weakening operating environment and its impact on overall economic activity.

“NBK’s regional ambitions remain intact. In light of the ongoing operating challenges in the Arab world, we continue to monitor our operations in the region very closely and were able to quantify our risks. We remain optimistic about the longer term outcomes of our regional expansion strategy,” Dabdoub added.

Dabdoub emphasized NBK’s successful move into Islamic banking through the acquisition of a strategic stake in Boubyan Bank. “Boubyan’s contribution will continue to strengthen NBK’s market positioning in Kuwait and will help us further diversify our income sources.” 
   
Dabdoub also highlighted that NBK’s attributes, along with its clear strategic vision, helped the bank maintain its strong financial position through different crises and earned it international recognition, the latest being the “Best Bank in the Middle East” award for 2011 from both Euromoney and Global Finance magazines.

NBK continues to enjoy the widest banking presence in Kuwait with 71 branches, which together with its growing international presence totals 177 branches worldwide. NBK’s international presence spans many of the world’s leading financial centers including London, Paris, Geneva, New York and Singapore, as well as China (Shanghai) and Vietnam (Ho Chi Minh City). Meanwhile, regional coverage extends to Lebanon, Jordan, Iraq, Egypt, Bahrain, Qatar, Saudi Arabia, the UAE, and Turkey.

NBK has consistently been awarded the highest credit rating of all banks in the region by Moody's, Standard & Poor's, and Fitch Ratings. The Bank’s ratings are supported by its high capitalization, prudent lending policies, and its disciplined approach to risk management, in addition to its recognized and very stable management team.

 

 

Back
Send to a Friend Print this page

Send to a Friend