Kuwait – Mubasher: The National Bank of Kuwait (NBK) posted a 10.7% year-on-year rise in its profits during the second quarter of 2017, according to a statement.
Profits reached KWD 79.33 million ($261.1 million) in Q2-17, compared to KWD 71.68 million ($235.92 million) in Q2-16.
In the first half of 2017, profits grew 9.3% to AED 164.69 million as compared to KWD 150.62 million achieved in the same period of 2016.
The H1-17 profit growth is mainly attributed to a rise in net interest income and revenues from Islamic finance.
