Cairo - Mubasher: National Bank of Kuwait – Egypt (NBK) on Tuesday affirmed that the introduction of IFRS9 has not significantly affected its financial statements for 2017/2018.
The IFRS9 required by the Central Bank of Egypt (CBE) has no impacts on the proposals of the bank’s cash dividend distributions that will be discussed in the next general meeting, NBK said in a filing to the Egyptian Exchange (EGX).
NBK – Egypt’s net profit amounted to EGP 433.8 million in the third quarter of 2017, compared to EGP 252.2 million in the same period a year earlier.
