‘NBK achieved highest annual profits in Bank’s history’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 01-Feb-2023
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
‘NBK achieved highest annual profits in Bank’s history’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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Al-Sager highlights Group’s stellar performance in 2022
KUWAIT CITY, Jan 31: Isam Al-Sager, Vice Chairman and Group CEO, National Bank of Kuwait said that NBK achieved the highest annual profits in the Bank’s history, refl ecting the soundness of our prudent strategy and solid financial position. “The Group achieved year on year growth of 40.5% in net profits for 2022 to reach KD 509.1 million, driven by solid operational performance and improving cost of risk,” Al-Sager said on the sidelines of the analysts’ conference for NBK Group 2022 financial results. Al-Sager highlighted that the Group’s stellar performance is a testament to its successful proactive approach, the resilience of its business model and its ability to capture opportunities.
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