NBK-Bahrain Reports Net Profits of BHD 132.79 million (equivalent to KWD 108.22 million) for the financial year 2023

NBK-Bahrain Reports Net Profits of BHD 132.79 million (equivalent to KWD 108.22 million) for the financial year 2023

Isam Al-Sager, NBK Group Vice Chairman and CEO Kuwait / Bahrain, Mar 05: National Bank of Kuwait-Bahrain (NBK-Bahrain) reported net profits of BHD 132.79 million (KWD 108.22 million) in 2023, compared to BHD 122.14 million (KWD 99.39 million) in 2022. As of the end of 2023, NBK-Bahrain’s total assets stood at BHD 7.08 billion (KWD …

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Isam Al-Sager, NBK Group Vice Chairman and CEO

Kuwait / Bahrain, Mar 05: National Bank of Kuwait-Bahrain (NBK-Bahrain) reported net profits of BHD 132.79 million (KWD 108.22 million) in 2023, compared to BHD 122.14 million (KWD 99.39 million) in 2022.

As of the end of 2023, NBK-Bahrain’s total assets stood at BHD 7.08 billion (KWD 5.77 billion) compared with BHD 7.24 billion (KWD 5.89 billion) in 2022. Total shareholders’ equity increased by 12% y-o-y to BHD 1.213 billion (KWD 988.33 million), whereas customers deposits stood at BHD 3.34 billion (KWD 2.722 billion) by end of December 2023.

Commenting on NBK-Bahrain’s year-end financial results, Mr. Isam Al-Sager, NBK Group Vice Chairman and CEO said, “NBK Bahrain realized good profits in FY