National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of USD 286 million (KD 81.3  million) for the first quarter of 2013 compared with USD 284.5 million (KD 81.0 million) for the same period in 2012.

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Dabdoub: strong set of results notwithstanding the ongoing economic and political challenges
Total assets reached USD 58.4 billion and shareholders’ equity at USD 8.2 billion
Diversification strategy on track as we increased our stake in Boubyan and strengthened our regional operations
Improved outlook locally with the government’s intensions to accelerate spending

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Al Watany Bank of Egypt (AWB), the subsidiary of National Bank of Kuwait Group (NBK) in Egypt, reported net profits of EGP 228.4 million for the first nine months of 2012 compared with EGP 191.9 million for the same period in 2011, an increase of 19% year-on-year.

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