Cairo - Mubasher: National Bank of Kuwait-Egypt, reported net profits of EGP 445.6 million for the first nine months of 2015 compared with EGP 273.5 million for the same period last year, an increase of 62.9% year-on-year.
As of end of September 2015, NBK-Egypt total assets increased by 60.6% y-o-y to EGP 36.7 billion compared to EGP 22.9 billion as of end-September 2014.
Customers’ deposits grew by 56.1% y-o-y to EGP 30.9 billion compared to EGP 19.8 billion in 2014.
Isam Al-Sager, NBK Group Chief Executive Officer and NBK-Egypt Chairman, said "The solid growth achieved affirms NBK-Egypt’s successful strategy in better-positioning itself in the Egyptian market, offering best-in-class products and services to its customers".
