National Bank of Kuwait reports net profit of $702m in nine months of 2013 | Middle East business & financial news | business directory & current events | AME Info:
"National Bank of Kuwait (NBK) reported net profits of $702m (KD198.6 m) for the first nine-month of 2013 compared with $809m (KD228.9m) for the same period in 2012. Adjusting for the exceptional gains of $288m recognized in 9M2012 on the consolidation of Boubyan Bank, net profits recorded a 34.7% year on year growth.
As of end of September 2013, NBK Group’s total assets reached $67.0bn (KD19.0bn) up 15.5% compared to September 2012, while total shareholders’ equity increased by 4.0% year on year to $8.7bn (KD2.46bn). Loans and advances reached $37.2bn (KD10.5bn) at September-end 2013 up 9.3% compared to September 2012 and customer deposits reached $35.5bn (KD10.0bn), up 16% compared to last year."
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