NBK – Bahrain reports a net profit of BHD 60.89 Million in 1H 2020

NBK – Bahrain reports a net profit of BHD 60.89 Million in 1H 2020

Isam Al-Sager, NBK Group CEO National Bank of Kuwait – Bahrain (NBK – Bahrain) reported a net profit of BHD 60.89 million (KWD  49.793 million) for 1H 2020, compared to BHD 59.95 million (KWD 48.283 million) for the same period in 2019, recording an increase of 1.6% year-on-year. As of end of June 2020, NBK-Bahrain's total assets grew by 4.6% y-o-y, to reach BHD 7.135 billion, compared with BHD 6.824 billion for the same period in 2019, while total shareholders' equity recorded BHD 692.426 million. Commenting on the Bank's 1H 2020 results, NBK Group CEO, Mr. Isam Al-Sager said; “NBK – Bahrain managed to post good profits for the 1st half of 2020, despite the unprecedented challenges facing the operating environment and the uncertainty following coronavirus pandemic outbreak, combined