NBK Egypt’s net profit sees a slight increase during Q1-21

The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 404.11 million Egyptian pounds during the first quarter (Q1) of 2021, slightly up from 402.7 million pounds a year earlier

The bank’s net interest income declined to 662.91 million pounds in the January-March period, compared to 728.55 million poubds in the corresponding period a year earlier, according to its recently published financial results.

However, total customer deposits amounted to about 51.796 billion pounds at the end of March 2021, compared to 49.715 billion pounds by the end of 2020.