NBK – Bahrain Reports a net profit of BHD 54.84mln (KD 44.68mln) in 1H 2022

NBK – Bahrain Reports a net profit of BHD 54.84mln (KD 44.68mln) in 1H 2022

- Al-Sager: The Group will continue improving its competitiveness and seizing opportunities in its international markets to reinforce its regional leadership

- Fardan: We are moving steadily towards strengthening our position in Bahrain and providing high-quality products to our customers. The operating environment in Bahrain showed more signs of recovery, thanks to the unwavering efforts to support the economy

National Bank of Kuwait-Bahrain (NBK Bahrain) reported net profits of BHD 54.84 million (KD 44.68 million) for 1H 2022, compared to BHD 60.24 million (KD 48.18 million) for the same period in 2021.

As of end of June 2022, NBK-Bahrain’s total assets stood at BHD 7.05 billion compared with BHD 7.13 billion for the same period in 2021. Total shareholders’ equity increased by 10% y-o-y to BHD 1,004.68 million, whereas Customer deposits increased by 68% y-o-y to BHD 3.080 billion compared with BHD 1.829 billion for the same period of previous year.

Commenting on the Bank’s 1H 2022 results, Mr. Isam Al-Sager, NBK Group Vice-Chairman and Chief Executive Officer said, “National Bank of Kuwait - Bahrain realized good profits the 1st half of 2022, despite the continuing challenges prevailing in the operating environment due to the global economic concerns resulting from geopolitical tensions combined with