NBK reports 2019 net profit of KD 401.3mn – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

NBK reports 2019 net profit of KD 401.3mn – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

The Group delivered strong annual performance with net profit of KD 401.3 million (USD 1.3 billion) compared with KD 370.7 million (USD 1.2 billion) in 2018, increasing by 8.2% year-on-year.. NBK's Board of Directors has proposed the distribution of a cash dividend of 35 fils per share, representing 56.4% of net profit, in addition to 5% bonus shares.. Earnings per share (EPS) stood at 60 fils, as compared to 55 fils in 2018, and equity attributable to shareholders increased by 8.8% to KD 3.21 billion (USD 10.6 billion).. Net operating income grew by 1.4% to KD 895.5 million (USD 3.0 billion), while non-interest income increased by 7.0% to KD 206.3 million (USD 680.7 million).. Our international operations continued to play an important role in mitigating Group-level risk and diversifying income from across geographies..