NBK Egypt profits jump by 80% in H1-2017

Big 5

National Bank of Kuwait–Egypt (NBK), the Gulf Arab state’s largest commercial lender, announced Thursday a 80 percent increase in its second quarter profits to register 397.13 million Egyptian pounds ($22.2 million).

Earlier, profits stood at 220.8 million during the second quarter of 2016.

Return from loans fell to 1.39 billion, compared with 874.1 million pounds.

During the first half of 2017, profits climbed by 78 percent to 726.6 million  pounds from 407.4 million pounds during the same half in 2016.

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