NBK Egypt posts EGP 4.021b in 2023

The National Bank of Kuwait – Egypt (NBK Egypt) has seen a net profit of 4.021 billion Egyptian pounds during 2023, up from 1.826 billion pounds in 2022, Federation of Egyptian Banks (FEB) reported on Tuesday.

NBK Group witnessed a remarkable 10.1 per cent increase in profits during 2023, reaching 560.62 million Kuwaiti dinars, a substantial rise from the previous year’s figure of 509.08 million dinars.

National Bank of Kuwait explained that the financial impact of the achieved results lies in enhancing the bank’s profitability and supporting the diversification of its income sources.

(1 Kuwaiti dinar = 100.43 Egyptian pounds)