NBK-Bahrain reports net profits of BHD 122.14mln (KWD 99.39mln) for 2022

NBK-Bahrain reports net profits of BHD 122.14mln (KWD 99.39mln) for 2022

Al-Sager: NBK-Bahrain’s profits reflect the success of our strategy for diversification of income sources and risk mitigation

Our broad geographical footprint gives us a strong competitive edge boosting our future growth and regional leadership

Fardan: Our profits prove our focus on strategic goals, sustained business growth and leading position

National Bank of Kuwait-Bahrain (NBK Bahrain) reported net profits of BHD 122.14 million (KWD 99.39 million) for the year 2022, compared to BHD 117.68 million (KWD 94.57 million) for the year 2021.

As of end of 2022, NBK-Bahrain’s total assets stood at BHD 7.24 billion (KWD 5.89 billion) compared with BHD 7.43 billion (KWD 5.97 billion) in 2021. Total shareholders’ equity increased by 12% y-o-y to BHD 1.087 billion (KWD 884 million), whereas Customers deposits Increased by 23% y-o-y to BHD 3.39 billion (KWD 2.76 billion) by end of December 2022.

Commenting on NBK Bahrain’s year-end financial results, Mr. Isam Al-Sager, NBK Group Vice Chairman and CEO said, “National Bank of Kuwait - Bahrain realized good profits for 2022, despite the challenging operating environment including escalating global geopolitical tensions and soaring inflation rates worldwide, and their impact on markets’ performance.”

“Our international operations are key contributors to the Group’s profits, which proves our resilient business model, and