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Islamic Finance Briefing - Categorized | Banking, Performance more

NBK registers net profit of $706mln

Posted on 21 October 2009

From Gulf-daily-news.com: A $66 million compensation payment to victims of US swindler Bernard Madoff and other one-off charges dented nine-month net profit at National Bank of Kuwait, the country’s biggest bank yesterday said.

NBK reported a net profit of 201.5m Kuwaiti dinars ($706m) for the nine months to September 30, compared with 243.7m dinars in the same period last year…………………..Full Article: Source

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