National Bank of Kuwait SAK expects profit growth of as much as 15 percent this year and plans to expand into the Syrian market, Chief Executive Officer Ibrahim Dabdoub said today.
“Same thing, between 10 and 15 percent,” Dabdoub said in a phone interview from Kuwait City, after the bank reported a 14 percent rise in full-year profit.
Credit growth this year will depend on economic activity in the country and Kuwaiti banks will have overall domestic credit growth of 10 percent “if not more” this year, Dabdoub said.
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