NBK reports KD 509.1mln in net profits for the year 2022

NBK reports KD 509.1mln in net profits for the year 2022

Al-Bahar:

- NBK record earnings enable the bank’s efforts to support the economy, employ local talents, and boost community investments.

- Our internal capital generation capacity allows us to maintain a lucrative Dividend policy creating shareholders’ value, while preserving healthy capital buffers

- Total cash dividends distributed over the past ten years reached KD 1.8 billion in addition to KD 3.2 billion worth of bonus shares

- We take the lead in addressing environmental issues, as well as increasing our contributions to building a better and more diversified society.

- We are dedicated to achieving sustainable growth and raising the standard for financial services in Kuwait and the region.

- NBK committed to become carbon neutral by 2060; setting interim goals to reduce gross operational emissions by 25% by 2025

Al-Sager:

- NBK's outstanding performance attests to the resiliency and effectiveness of our business strategy in establishing a solid foundation that promotes sustained development.

- The increase in profitability is attributable to solid operational performance and ongoing cost of risk reductions.

- Thanks to the resilience of our business model, we are well-positioned to capture growth opportunities despite operational challenges.

- We will continue to build on the solid foundations we have established over 70 years, maintaining our position as a