National Bank of Kuwait (NBK) – 30 Most Valuable Banks 2024 – Forbes Lists – Forbes Middle East

National Bank of Kuwait (NBK) – 30 Most Valuable Banks 2024 – Forbes Lists – Forbes Middle East

Established in 1952, NBK has 144 branches across 13 countries. In 2023, the group's total assets hit $122. 8 billion, with a net profit of $1. 9 billion, an increase of 11% compared to 2022. The bank recorded $2. 5 billion in sustainable assets in 2023, which it has pledged to raise to $10 billion by 2030. In December 2023, NBK, as part of a consortium of four banks, inked a $1. 16 billion financing deal with Shomoul Holding Company to fund Phase 1 of the Avenues Khobar project. NBK also owns 59. 9% of Boubyan Bank.