Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) on Thursday reported a 26% year-on-year rise in profits for the first nine months of 2018.
Net profit amounted to EGP 1.4 billion during the period from January to September, versus EGP 1.16 billion in the year-ago period, including minority shareholders’ rights, the lender said in a filing to the Egyptian Exchange (EGX).
Interest revenues grew to EGP 5.14 billion in the nine-month period ended September from EGP 4.04 million in the same period a year earlier.
NBK Egypt previously posted a 36.1% year-on-year growth in profits for the first half of 2018, recording EGP 989 million from EGP 727 million.
Interest revenues rose by 25.8% to EGP 3.3 billion in H1-18, versus EGP 2.62 million in H1-17.
