Mubasher: The National Bank of Kuwait-Bahrain (NBK Bahrain) registered an increase of 19.4% in profits during the first half of 2018 compared to the same period in the prior year.
NBK Bahrain’s earnings grew to BHD 55 million (KWD 44.3 million) in H1-18 from BHD 46.1 million (KWD 37.1 million) in H1-17, according to a recent statement.
The branch of NBK Group in Bahrain reported a growth of 13% in total assets to BHD 6.048 billion (KWD 4.866 billion) in H1-18 from BHD 5.359 billion (KWD 4.312 billion) in H1-17.
Customer deposits enlarged by 24 % to BHD 3.244 billion (KWD 2.609 billion) in H1-18 compared with BHD 2.611 billion (KWD 2.100 billion) in H1-17.
Isam Al Sager, CEO of NBK Group, commented, “These solid results come in line with the Group’s strategy aimed at strengthening its position throughout MENA region to diversify its revenue stream.”
