National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, on Thursday reported net profits of USD 1.086 billion (KD 302.4 million) in 2011 compared with USD 1.083 bmillion (KD 301.7 million) in 2010.
NBK Group’s total assets stood at USD 48.9 billion (KD 13.6 billion), up 5.6% compared to 2010, while total shareholders’ equity rose by 4.5% Y-o-Y to USD 7.8 billion (KD 2.2 billion). NBK Group’s net operating income grew by 8.4% Y-o-Y reaching USD 1,939 million (KD 540 million)……………………………………….Full Article: Source