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Egypt: NBK bet on the promising Egyptian economy 10 years ago, and we were proven right
07.11.2018National Bank of Kuwait Deputy Group CEO and Vice Chairman representing the Kuwaiti panel of the Egyptian Kuwaiti Cooperation Forum, Ms. Sheikha Al-Bahar kicked off her speech by describing the Kuwaiti Egyptian relation as a unique and distinctive model to the relations and ties binding Arab nations for long decades.
“The bond between the two countries witnesses several milestones that will be engrained in history and forever live in the memories of both countries and their people. No matter how different the era or the phase they are going through, there is a solid foundation that time has not been able to change”. Al-Bahar Said.
She emphasized, throughout her speech at the Egyptian Kuwaiti Cooperation Forum held yesterday, that Kuwait is the largest country investing in Egypt, with USD 2.8 billion in investments channeled through over 1000 companies in various fields, spreading across most of the Egyptian governorates. She added that Kuwaiti investments in Egypt spreads across various sectors including services, construction, industrial, agricultural and finance.
Al-Bahar highlighted that in the last couple of years, Egypt has taken substantial steps towards economic reforms. In late 2016, Egypt adopted an ambitious economic reform program aimed at restoring macroeconomic stability, promoting comprehensive growth and creating employment opportunities, taking into consideration the interests of the lower income class.
Al-Bahar stressed that Kuwait, along with the international community, praise the efforts exerted by the Egyptian authorities, supported by the prudent directives of His Excellency President Abdul Fattah Al-Sisi. She mentioned that Kuwait, as is the case with the regional and the international community, is ready to take a much bigger role in supporting the Egyptian economy.
Al-Bahar stated that in light of these promising results, most international rating agencies upgraded Egypt's credit rating and the outlook from stable to positive, reflecting their appreciation of the economic reform program implemented by the Egyptian government, supported by receiving USD 12 billion from the International Monetary Fund.
The attractiveness of Egyptian investments Al-Bahar assured that now is the right time to invest in Egypt and to capitalize on its enormous potential, including its strategic location, low production cost due to labor abundance and the availability of a huge consumer market due to a population of more than 100 million people.
She Pointed out that diversity is the most important characteristic of the Egyptian economy as it provides tremendous opportunities to invest in various economic sectors.
"NBK has been betting, for more than 10 years now, on the huge potential and great opportunities that Egypt presents. That is reflected through the presence of our subsidiary NBK-Egypt, which has markedly grown to become one of our key overseas branches," Al-Bahar said, noting that our bet on the promising Egyptian was proved to be right, showing the extent of our confidence in the Egyptian market.
“The numbers show that NBK-Egypt’s net profits have grown from EGP 240 million in 2007 (when NBK-Kuwait acquired its subsidiary) to EGP 1.5 billion in 2017.” She confirmed.
She further explained that NBK-Egypt market share is 2%, ranking as the top 7th or 8th bank in Egypt, which is substantial in the Egyptian market. In the near term, we aim to increase our market share to reach 5%, pointing out that the bank's indicators confirm that we are moving well and achieving far more growth compared to most competitors. In 2017, we were the fastest growing bank within the sector, up by 77%, compared to less than 60% by most of our peers.
She added that the corporate sector currently constitute a huge portion of the bank’s business, as well as retail, which is attracting significant interest and is growing rapidly at a higher rate than corporate services.
NBK is focused on offering quality services to increase its market share. Among the promising sectors within the corporate sector are SMEs, and that is what NBK’s strategy has been focused on since 2014, as we seek to diversify our corporate portfolio and reduce concentration on a limited number of customers.
SME loans account for 17.2% of the bank's total loan portfolio, with a target to achieve a 20% growth by 2020.
"NBK-Egypt aims to expand and diversify its business to cover more geographical locations in order to extend our reach to more customers. This is reflected in growing the number of NBK-Egypt branches to 48 across various governorates," Al-Bahar said.
She stressed on NBK’s keenness to develop banking transactions and improve their quality to respond to the growing market demand. In addition to the great interest in encouraging the private sector through supporting and financing SMEs, which in turn contribute to creating employment opportunities for Egyptian youth in various fields.
"We can provide great potential for the Egyptian banking market to capitalize on our fintech expertise based on our leadership as pioneers in introducing the latest technological innovations," Al-Bahar commented.
Over the past 20 years, NBK has been adopting the latest technologies and digital initiatives, positioning us among the regional leading banks offering the most advanced and sophisticated services since the 1990s.
Al-Bahar affirmed NBK's commitment to supporting digital transformation in the Egyptian banking sector. The Bank is keen to transfer its advanced expertise in digital financial solutions to its Egyptian arm, NBK-Egypt.
She pointed out that there are many Kuwaiti companies that may offer innovative digital financial solutions to Egyptian banks. That may be implemented through specialized Egyptian companies, which in turn will create employment opportunities in Egypt. In the meantime, Egyptian mobile banking companies have an opportunity to expand its investments in Kuwait to contribute to the development of this field.
She explained that the difference between the nature and needs of the financial sector in the Egyptian and Kuwaiti market creates a good opportunity to cooperate and exchange experiences between the two countries for sustainable development by capitalizing on the differential advantages of both countries.
Al-Bahar pointed out that, with all the ongoing fundamental reforms being implemented in Egypt, Kuwaitis in general are more eager to increase their investments and contributions towards the Egyptian economy.
She stressed that there are many promising sectors such as tourism, which is expected to grow significantly, providing ample opportunities for GCC investments, besides, there are the financial services, education and energy sectors that shouldn’t be overlooked.
Continuing challenges
Al-Bahar highlighted some of the challenges facing investing in Egypt, pointing out that despite its sizable population, there is skills mismatch, which is the gap between an individual's job skills and the demands of the job market; that in turn affects the productivity level and raises challenges to the business sector and economic growth in general.
She pointed out that the structural challenges, namely bureaucracy and poor governance, are the main obstacles facing the private sector as they present massive challenges to private local investments, especially with government institutions still playing a key role in the economy.
She also noted that there is a need to gradually pave the way to the private sector, to take the helm as the main contributor to the labor market and economic growth. In this regard, the Egyptian government's determination to move forward with the privatization program of some state-owned enterprises to attract private investment should be commended”.
Al-Bahar said that administrative corruption continues to be one of the greatest obstacles to foreign investments, pointing out that the Egyptian government has been exerting commendable efforts in that regards, sending clearly positive signals to investors. We welcome those efforts and would like to see that trend move forward.
"Rising to those challenges, Egypt needs to adhere to its path of structural and economic reforms. Those are vital steps since empowering the private sector, attracting foreign direct investment and promoting exports present the only way to meet these challenges, stimulate economic growth and sustainable development," Al-Bahar concluded.
Bold Measures
In her response to a question on the impact of the Egyptian measures to enhance the investment environment, Al-Bahar said: "The structural reforms implemented by Egypt in recent years have contributed significantly to the improvement of the business environment and managed to steer more investments towards some vital sectors. Take for instance the energy sector, based on the recent gas discoveries, the oil sector is projected to received USD 4.5 billion in net foreign investments in FY2017-2018.
Meanwhile, adopting a free floating policy contributed to a surge in the foreign exchange market’s liquidity and attracted foreign investors towards the Egyptian debt market, in conjunction with more flexible polices introduced by the central bank to remove the restrictions on foreign exchange movement, which has been posing challenges and hindering the flow of investments into the Egyptian market.
She highlighted that the measures taken by Egypt over the past couple of year helped in increasing the direct net foreign investment to USD 7.7 billion in FY2017-2018.
The results of Egypt's reforms were also reflected through a significant improvement in its ranking by about 8 positions in the World Bank's Doing Business report, which would boost foreign-direct investment growth in the near term.
Egypt's adoption of a number of stimulus packages in the legislative and legal environment, including the new investment and bankruptcy laws, will undoubtedly make the investment climate more favorable and encouraging to foreign investment.
Egypt has passed several stimulus packages to enhance the legislative and legal environment, including the new investment and bankruptcy laws, which will undoubtedly make the investment environment more favorable and encouraging to foreign investment.
She added that the most pressing challenge presenting itself is population growth and how to integrate an estimated 700,000 employees in the work force on annual basis to mitigate unemployment.
Kuwait: NBK Reports Net Profit of KD 135.5 Million in 1Q2026
26.04.2026National Bank of Kuwait (NBK) has announced its financial results for the three months ended 31 March 2026. The Bank reported a net profit of KD 135.5 million (USD 441.3 million), compared to KD 134.1 million (USD 436.8 million) for the first quarter of 2025.
Total assets as of the end of March 2026 rose by 10.7% year-on-year, reaching KD 46.1 billion (USD 150.2 billion), while Group loans and advances grew by 10.9%, compared to the corresponding period of 2025 to reach KD 27.3 billion (USD 88.9 billion).
Meanwhile, customer deposits increased by 10.0% year-on-year to reach KD 25.9 billion (USD 84.3 billion), while shareholders’ equity rose by 6.0% year-on-year, reaching KD 4.3 billion (USD 13.9 billion) as of the end of March 2026.
Delivering with Efficiency and Discipline
Commenting on the Bank's financial results, Mr. Hamad Al-Bahar, NBK Group Chairman, stated that the Bank’s financial performance in 1Q2026 underscores the strength and resilience of its business model, sustaining stable performance with consistency and discipline amid heightened regional and global uncertainty.
Al-Bahar noted that NBK Group navigated these conditions with efficiency, anchored in a prudent strategic approach, diversified operations and strong operational flexibility, supported by a solid capital base, high asset quality, comfortable liquidity levels, and a robust governance and risk management framework. This enabled the Group to manage the rapidly evolving geopolitical developments with discipline and foresight; effectively mitigating their impact on overall performance.
“In light of the exceptional global and regional developments, we at NBK reaffirm our unwavering commitment to our national responsibility, as well as our continued dedication to supporting the State’s strategic direction and future aspirations. We remain firmly committed to contributing to the effective execution of development plans and advancing sustainable development, in a manner that strengthens the resilience of the national economy and serves the interests of the nation and its citizens. We pray for the continued safety, security, and stability of Kuwait,” Al-Bahar said.
He emphasized NBK’s commitment to its role as a key partner in supporting the stability of the national economy and serving the community with consistency and reliability under all circumstances. He highlighted that the Bank continues to operate in close coordination with the Central Bank of Kuwait, in collaboration with other Kuwaiti banks, to reinforce confidence in the banking sector, ensure the uninterrupted continuity of banking services and to extend support across all economic sectors.
Furthermore, Al-Bahar highlighted that the strength of Kuwait’s banking sector, underpinned by robust capitalization, ample liquidity, and a well-established regulatory framework, constitutes a fundamental pillar reinforcing the economy’s resilience and its capacity to navigate prevailing challenges with confidence.
Operational Resilience
Meanwhile, Mr. Isam J. Al-Sager, Vice Chairman and Group CEO of NBK, highlighted that the Group’s financial performance in 1Q2026 reflects the underlying strength and consistency of its operating model, supported by a well-diversified business mix, a balanced geographic footprint, and disciplined long-term strategic investments, underpinned by a prudent and forward-looking risk management framework.
He emphasized that the diversification of NBK Group’s business portfolio and its broad geographic footprint have materially strengthened its resilience, effectively mitigating the impact of recent geopolitical tensions on performance.
Furthermore, Al-Sager highlighted that the Bank’s operations continued with a high degree of efficiency and stability, without disruption, despite challenges in certain regional markets. “During 1Q2026, NBK continued to deliver the full spectrum of banking services to both retail and corporate customers, within Kuwait and across its international network, in a secure and uninterrupted manner. This was facilitated through its domestic branch network, as well as the International Business Group (IBG)”
He added that all banking systems and customer service platforms remain fully operational and efficient, with no impact on business continuity or the quality of service delivery.
Al-Sager also emphasized that digital channels, including the NBK Mobile Banking App and NBK Online Banking platforms, continue to operate with full efficiency, alongside the Bank’s ATM network deployed across multiple locations and operating on a 24/7 basis. He further emphasized that all critical and support functions continue to perform seamlessly, ensuring uninterrupted service delivery, particularly across trade finance and corporate banking activities.
He also underscored that the safety of employees and customers remains a paramount priority, with all necessary measures and precautionary protocols firmly in place to maintain a secure and stable working environment, while upholding the highest standards of operational readiness and business continuity across all markets.
Core Business Segments
Al-Sager stated that NBK Group’s core business segments delivered a resilient and well-balanced performance during 1Q2026, reflecting the depth and quality of its earnings base. This translated into a 6.6% year-on-year increase in net operating income, reaching KD 331.2 million (USD 1.1 billion) during the period.
He noted that NBK continued to expand its customer base through the disciplined rollout of innovative digital products and services, complemented by a consistently differentiated customer experience. Moreover, he added that the Bank’s sustained investments in technology and innovation are strategically positioned to reinforce its leadership in digital banking, enabling scalable growth, enhancing operational efficiency and driving long-term value creation for both customers and shareholders.
In parallel, Al-Sager highlighted that NBK Group’s international operations, alongside its Islamic banking arm, Boubyan Bank, played a pivotal role in supporting the growth of net operating income and net profit during 1Q2026, reflecting the strength of the Group’s strategic vision and the effectiveness of its diversified business model.
Al-Sager further emphasized that NBK Wealth continues to reinforce its standing as the largest wealth management entity in Kuwait and among the region’s leading players, reflecting the strength of its platform and the consistency of its performance. He added that this momentum has been recognized through a series of prestigious international awards, including “Best Private Banking Services for the Next Generation in the World 2026” and “Best Private Bank in Kuwait 2026” from Global Finance magazine, as well as the “Best Regional Investment-Focus in the Middle East 2026” award from MandateWire.
Sustainability and Organizational Excellence
Al-Sager reaffirmed NBK’s continued commitment to advancing its sustainability agenda through the expansion of green financing initiatives and the development of products and services aligned with leading global practices, while supporting the State’s direction toward achieving carbon neutrality by 2060.
As part of its efforts to further enhance the workplace environment, he highlighted the launch of the Diversity, Equity, and Inclusion (DEI) Council during 1Q2026, reflecting the Bank’s commitment to fostering a fair and inclusive workplace that leverages diversity as a source of strength and innovation.
Business Environment
Commenting on the business environment in Kuwait, Al-Sager said: “The business environment demonstrated early signs of improvement at the start of the year, supported by credit expansion, heightened real estate activity, and a surge in project awards. However, recent geopolitical tensions in the region have weighed on the broader outlook, rendering economic prospects more susceptible to elevated uncertainty”.
Al-Sager added that, despite prevailing uncertainty, Kuwait continues to benefit from strong financial buffers that reinforce its capacity to navigate current challenges. He emphasized that the strength of the country’s financial assets, alongside sustained momentum in economic reforms and infrastructure investments in the period ahead, constitute key pillars underpinning the stability of Kuwait’s economy.
He further noted that NBK will continue to reinforce its operational resilience, deepen the diversification of its income streams, and uphold its disciplined and prudent approach, ensuring the sustained creation of value for shareholders and customers across evolving economic conditions.
Al-Sager concluded by commending the recent regulatory and precautionary measures introduced by the Central Bank of Kuwait, underscoring their critical role in further strengthening the stability and resilience of the domestic banking sector and enhancing its capacity to sustain support for the broader economy under prevailing conditions.
Key financial indicators for the financial in1Q2026
• Net operating income stood at KD 331.2 million (USD 1.1 billion), up 6.6% year-on-year
• Total assets grew by 10.7% year-on-year, at KD 46.1 billion (USD 150.2 billion)
• Total loans and advances increased by 10.9% year-on-year to KD 27.3 billion (USD 88.9 billion)
• Customer deposits grew by 10.0% year-on-year to KD 25.9 billion (USD 84.3 billion)
• Shareholders’ equity amounted to KD 4.3 billion (USD 13.9 billion), registering an annual growth of 6.0%.
• Strong asset quality metrics, with NPL/gross loans ratio at 1.35% and an NPL coverage ratio of 241%
• Robust Capital Adequacy Ratio of 16.4%, comfortably exceeding regulatory requirements.
Kuwait: NBK Posts Strong Net Profits of KD 575.6 Million in FY2025
28.01.2026National Bank of Kuwait (NBK) has announced its financial results for the financial year ended 31 December 2025.The Bank reported a net profit of KD 575.6 million (USD 1.9 billion), compared to KD 600.1 million (USD 2.0 billion) for the financial year 2024. Earnings per share (EPS) stood at 64 fils for 2025, compared to 66 fils for 2024.
Profit before tax increased by 5.4% on a year-on-year basis, reaching KD 734.6 million (USD 2.4 billion) at the end of 2025, compared to KD 696.8 million (USD 2.3 billion) in 2024.
Total assets as of December 2025 grew by 13.1% year-on-year, reaching KD 45.6 billion (USD 149.4 billion), while customer deposits grew by 14.0%, totaling KD 26.1 billion (USD 85.3 billion) by the end of 2025.
Meanwhile, Group loans and advances reached KD26.8 billion (USD 87.8 billion) by December 2025, reflecting a growth of 13.1% year-on-year. In the meantime, shareholders' equity also saw an increase, standing at KD 4.3 billion (USD 14.0 billion), up by 9.2% year-on-year.
In terms of distributions, the Board of Directors has proposed a cash dividend of 35 fils per share for the financial year 2025, equivalent to 53% of net profits. In addition, the Board has recommended the distribution of bonus shares at a ratio of 5%. These proposed distributions are subject to the approval of the Annual General Assembly (AGM).
A Prudent Approach
Commenting on the Bank's annual financial results, Mr. Hamad Al-Bahar, NBK Group Chairman, affirmed that, despite the challenges posed by the global economic environment in 2025, including the repercussions of geopolitical tensions, tariff pressures, and the accommodative trajectory of interest rates, the Bank succeeded in further consolidating its position as a leading financial institution. This performance was underpinned by a prudent operating approach and a flexible strategy anchored in diversification and financial discipline.
Al-Bahar noted that the Bank’s financial results for the year ended 31 December 2025 reflect NBK’s ability to adapt and navigate a wide range of economic conditions, supported by a diversified business model, a strong capital base, high-quality assets, comfortable liquidity position, and a robust governance and risk management framework.
He added that the Bank continues to successfully execute its strategy of balancing the delivery of superior returns to shareholders with meeting the evolving needs of its customers. He further emphasized that sustainability has become a central pillar of NBK’s long-term growth agenda. The Bank recorded a significant year-on-year increase of approximately 23% in the value of its sustainable assets, reaching USD 6.10 billion by the end of 2025. This represents 61% of its strategic 2030 target of USD 10 billion. Al-Bahar added that 2025 marked a year of significant achievements that further reinforced NBK’s position as the largest contributor to corporate social responsibility initiatives in Kuwait. Among the most notable milestones were the inauguration of the Shuwaikh Beach Development and Beautification Project, funded by the Bank at a cost of KWD 3 million, as well as the laying of the foundation stone for the expansion of the NBK Children’s Hospital for Hematology, Oncology, and Stem Cell Transplant. The expansion includes the construction of a new building at an estimated cost of nearly KWD 19 million.
Solid Operating Performance
Meanwhile, Mr. Isam J. Al-Sager, NBK Group Vice Chairman and CEO, said: “The Group’s 2025 results reflect the solid operating performance delivered across its various business segments, led by its core banking activities, despite the volatile global operating environment and its spillover effects on regional and local markets. During the year, the Group recorded a year-on-year growth of 3.6% in net operating income, reaching KWD 1.3 billion (USD 4.2 billion).”
He noted that the Group’s profit before tax recorded a year-on-year increase of 5.4% in 2025, while net profits were impacted by the application of the domestic top-up minimum tax on multinational entities operating in Kuwait. He emphasized that this impact on profit growth is transitional in nature, reflecting the base-year effect of 2025 as the first year of the tax’s implementation.
Al-Sager emphasized that NBK Group’s diversified business mix, carefully calibrated strategic investments, and disciplined risk management have mitigated the impact of adverse global economic conditions. He added that NBK continues to invest in technology and innovation as fundamental pillars of inclusive and sustainable growth, while also expanding its customer base and capitalizing on opportunities across promising markets and key sectors.
He further noted that, throughout 2025, the Bank continued to roll out innovative banking services and products specifically designed to meet the evolving needs of its customers. In addition, the Group’s Consumer and Digital Banking arm launched its new five-year strategy through 2030, marking a strategic shift from mere digitization of services to a fully customer-centric, underpinned by data collection and advanced analytics. This transformation further reinforces NBK’s leadership position locally and regionally, offering an exceptional banking experience.
Furthermore, Al-Sager pointed to the key contribution of both NBK Group’s corporate banking and international operations, as well as Boubyan Bank— the Group’s Islamic banking arm— in strengthening the Group’s profits. He further highlighted that NBK Wealth has continued to consolidate its position as the largest wealth management entity in Kuwait and among the largest in the region, by offering an integrated suite of private banking, investment management, and advisory services through a globally connected network of operations.
On major financing transactions, Al-Sager stated: “During 2025, NBK led a KWD 1.5 billion syndicated term facility with Kuwait Petroleum Corporation (KPC). This transaction represents the largest financing of its kind denominated in Kuwaiti Dinars. The Bank served as the mandated lead arranger and bookrunner for the facility, as well as the agent for the conventional tranche. NBK’s share amounted to KD 495 million of the total financing, making it the largest contributor among all participating conventional and Islamic banks, accounting for approximately 60% of the KD 825 million conventional tranche.”
Al-Sager noted that this transaction reinforces NBK’s position as the largest financier of Kuwait’s oil sector and the primary banking partner for energy companies in supporting their expansion and growth plans.
He further noted that Kuwait Clearing Company’s selection of NBK as the country’s main settlement bank represents a testament to the Bank’s substantial investments in digital infrastructure and its high level of operational readiness. This milestone further strengthens NBK’s role in advancing the development of Kuwait’s capital market infrastructure.
On the sustainability front, Al-Sager affirmed that NBK continues to deepen its leading role in shaping a more sustainable future through its green financing initiatives and the development of products and solutions that reflect global best practices in sustainable finance. In this context, he pointed to the Bank’s signing in 2025 of Kuwait’s first-ever green loan agreement. He also highlighted NBK’s ongoing efforts to strengthen its environmental, social, and governance (ESG) framework through measurable initiatives that support emissions reduction and the achievement of carbon neutrality by 2060.
The Operating Environment
Al-Sager expressed his optimism regarding an improvement in the domestic operating environment in 2026, supported by a number of key factors.
He explained that the Financing and Liquidity Law enacted in 2025 has established an advanced framework for long-term sovereign debt issuances, thereby enhancing banking system liquidity through high-quality sovereign assets and supporting the financing of large-scale projects. He added that the Real Estate Financing Law—once approved—would enable banks to provide long-term financing for the residential sector, helping address the housing challenge and stimulating activity across construction and real estate–related sectors.
Moreover, Al-Sager noted that the value of government-awarded projects in 2025 exceeded KWD 4 billion, surpassing 2024 levels by well over 60%. Meanwhile, bank credit recorded solid performance, with credit to residents growing by approximately 7.63% year-on-year as of the end of December 2025, the fastest pace since 2023.
He indicated that project awards are expected to gain further momentum in 2026, supported by the broad pipeline of initiatives under the government’s capital projects program across multiple sectors, alongside a gradual pace of interest rate cuts. This combination bodes well for the outlook and is set to create a favorable environment for credit growth for both corporates and individuals during the year.
He emphasized, however, that while the domestic outlook remains positive, it is accompanied by certain regional and global challenges, including persistent geopolitical tensions, tariffs, and their associated negative economic repercussions.
Prestigious Awards
During 2025, NBK further consolidated its leadership position by receiving a series of prestigious awards from leading global institutions and publications.
Among these accolades, MEED named NBK Best Retail Bank and Best SME Bank in Kuwait, in addition to awarding the Bank several regional honors across the Middle East and North Africa, including Best Loan Offering, Best Contactless Payment Experience, and Best Payment Solutions for SMEs. NBK’s digital subsidiary, Weyay Bank, was also recognized with the Most Innovative Product Award for its children’s card, “Jeel.”
NBK also received three prestigious awards from Global Finance, including Best Digital Payment Solutions and Best Online Product Offerings in Kuwait, while Weyay Bank was named Best Digital Bank in Kuwait. Furthermore, the Bank won four awards from Euromoney, including Kuwait’s Best Bank for ESG, Kuwait’s Best Bank for Large Corporates, Kuwait’s Best Bank for Diversity and Inclusion, as well as Kuwait’s Best Digital Bank for Weyay Bank.
Key financial indicators for the financial year ended December 31, 2025
• Net operating income stood at KD 1.3 billion (USD 4.2 billion), up 3.6% year-on-year
• Total assets grew by 13.1% year-on-year, at KD 45.6 billion (USD 149.4 billion)
• Total loans and advances increased by 13.1% year-on-year to KD 26.8 billion (USD 87.8 billion)
• Customer deposits grew by 14.0% year-on-year to KD 26.1 billion (USD 85.3 billion)
• Total shareholders’ equity amounted to KD4.3 billion (USD 14.0 billion), registering an annual growth of 9.2%.
• Strong asset quality metrics, with NPL/gross loans ratio at 1.36% and an NPL coverage ratio of 240%
• Robust Capital Adequacy Ratio of 17.0%, comfortably exceeding regulatory requirements.