NBK reports KD 509.1mln in net profits for the year 2022
- Date: 29-Jan-2023
- Source: Zawya
- Sector:Financial Markets
- Country:Kuwait
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