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Islamic Finance Briefing - Categorized | Banking, Performance more

NBK posts KD 120.8 mln profit – NBK Group’s total assets reach KD 14.3 bln

Posted on 19 July 2012

National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of USD 431.2 million (KD 120.8 million) for the first half of 2012 compared with USD 523.5 million (KD 146.7 million) for the same period in 2011.
NBK’s 1H 2012 profits were held back by the USD 96.4 million (KWD 27.0 million) judgmental provision charges, reflecting the negative economic and geopolitical developments occurring both domestically and in the region and their potential implications on an already stagnant operating environment………………………………………..Full Article: Source

 
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