National Bank of Kuwait the Gulf state’s largest lender, posted flat first-quarter net profit on Monday, in line with analysts estimates, and the Kuwaiti lender said it was navigating a challenging market environment.
Net profit for the first-quarter stood at 81 million dinars ($291 million) in the quarter to end-March, compared with 80.7 million in the same period a year ago. NBK has been building its Islamic banking business and in April last year raised its stake in Islamic lender Boubyan Bank to 47 percent………………………………………..Full Article: Source