Kuwait: The National Bank of Kuwait announced on Tuesday that it achieved a net profit of KD 3,315 million (about one billion US dollars) in the first half of the year, an increase of 8.7 percent compared to the first half of 2024.
The bank said in a press statement that the first half’s profit before tax reached KD 5,401 million (about $3,1 billion), an annual increase of 17 percent, while total assets increased by 9.15 percent to KD 6,433 billion (about $143 billion) at the end of last June, while loans increased and taxes are 1.12 percent compared to the first half of 2024.
He added that at the end of last June, currency reserves reached 9r23 billion dinars (about 2r78 billion dollars), with an annual growth of 9r5 percent, while shareholders' rights reached 2r4 billion dinars (about 9r13 billion dollars), with an annual increase of 3r10 percent.
