Cairo – Mubasher: National Bank of Kuwait-Egypt (NBK-Egypt) posted a 2.6% year-on-year profit growth during the first quarter of 2019.
NBK-Egypt’s net profits registered EGP 509.99 million in the January-March period of 2019, compared to EGP 496.89 million in the year-ago period, according to a statement to the Egyptian Exchange (EGX) on Wednesday.
Year-on-year, the lender’s net interest income rose to EGP 769.94 million from EGP 651.49 million in Q1-18.
For the full-year 2018, NBK-Egypt’s profits recorded EGP 2.002 billion, compared to EGP 1.5 billion in the previous year.
