NBK Group Vice Chairman and CEO, on the sidelines of the Analyst Conference for 1Q2024

NBK Group Vice Chairman and CEO, on the sidelines of the Analyst Conference for 1Q2024

Isam Al-Sager, the Vice Chairman and Group CEO of National Bank of Kuwait Kuwait City, Apr 28: Mr. Isam Al-Sager, the Vice Chairman and Group CEO of National Bank of Kuwait (NBK), said, “NBK continued recording solid performance and building on past year’s momentum as we advance in executing our diverse strategy and leveraging our …

Isam Al-Sager, the Vice Chairman and Group CEO of National Bank of Kuwait

Kuwait City, Apr 28: Mr. Isam Al-Sager, the Vice Chairman and Group CEO of National Bank of Kuwait (NBK), said, “NBK continued recording solid performance and building on past year’s momentum as we advance in executing our diverse strategy and leveraging our flexible business model throughout the challenging macroeconomic landscape.”

On the sidelines of the Analyst Conference for the results of 1Q24, Al-Sager added, “We reported net profits of KD 146.6 million in the first quarter of the year, growing by 9.2%. Driven mainly by growth in core banking income, our revenue stream stems from a diverse operational mix that proved successful in mitigating risks and optimizing performance. We achieved a growth of 11.2% year on year in net operating income to reach KD 309 million.”

Strategic investments

“Our success is underscored by the strategic investments