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Islamic Finance Briefing - Categorized | Banking, Performance more

14% YoY growth: NBK reports record net profits of USD 1,075 mln for 2010

Posted on 02 February 2011

National Bank of Kuwait Group (NBK), the largest bank in Kuwait with the highest credit rating in the Middle East, reported net profits of USD 1,075 million (KD 301.7 million) for 2010, up 14% compared to the previous year. Total assets reached USD 46 billion (KD 12.9 billion) at the end of 2010 and shareholders’ equity rose to USD 7.4 billion (KD 2.1 billion).
Other profitability indicators remained strong by regional and international standards: Return on Assets (ROA) was 2.4% while the Return on Equity (ROE) recorded 17.7% for the year……………………………………….Full Full Press Release: Source

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