Mubasher: The National Bank of Kuwait – Bahrain (NBK Bahrain) reported a 9% year-on-year profit increase during the first half of 2019.
The lender posted a profit of BHD 60 million (KWD 48.28 million), compared to BHD 55 million (KWD 44.3 million), according to a statement to Boursa Kuwait on Monday.
It is worth to mention that NBK, the group, logged a profit of KWD 209.09 million ($689 million) in H1-19, rising by 12.5% year-on-year from KWD 185.86 million ($612.5 million).
The H1 profit growth was attributed to higher net interest income, an increase in fees and commission revenues, and lower costs of provisions.
