ArabianBusiness.com - Middle East Business News
Tuesday, 02 December 2008 09:11 UAE time

YOUR DIRECTORY /

National Bank of Kuwait (NBK)

Main Category: Commercial Bank
First Address : PO Box 95
Second Address : Abdullah Al Ahmad Street
City : Safat
Country : Kuwait
Website: www.nbk.com


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ALL STORIES LIST


NBK gets share buyback approval

National Bank of Kuwait, the country's largest lender, wins central bank approval to buy back 10% of stock.

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NBK not affected by Gulf Bank troubles - CEO

Dabdoub says Kuwait's biggest lender expected to meet its 2008 profit target, flight to quality.

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Kuwait's NBK Q3 down as bourse slides

Quarterly profit down 9.9% to $257mn, hit by losses on Kuwaiti and Qatari markets. 

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Kuwait property sales in July up 50% month-on-month

Sales in first seven months still 25% down on year earlier period, says bank report.

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Kuwait inflation 'to fall to 7-8% by end of year'

Arab state's National Bank says new strategy to fight rising costs will have impact.

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Kuwait bank makes first foray into Dubai

National Bank of Kuwait opens first branch in city as part of regional expansion plan, says chief executive.

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Desert dreams

Spurred by oil and a buoyant banking sector, Kuwait's economy is expanding at a terrific pace.

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Gulf banks post bumper profit as economies boom

Q2 earnings top forecasts economies benefit from high oil prices and low rates.

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Kuwaiti bank profits up despite lending restrictions

Q2 earnings surge as economy booms and as banks shrug off consumer lending rules.

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NBK online banking customers targeted by phishing attack

Phishing attack attempts to steal account details of National Bank of Kuwait online banking customers

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Kuwait's NBK expects 20% profit surge in H1

Net income of country's biggest lender boosted by Middle East expansion, CEO says.

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Syria proposes KIA venture

Syrian president Bashar Al-Assad intends to enter joint venture with $213bn Kuwait Investment Authority.

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NBK posts record profit

Kuwaiti lender sees earnings jump 28% in Q1, helped out by income from its foreign operations.

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Kuwait budget surplus tops $32bn

Oil-rich state posts record revenues of $72bn, up 130% on budget projection, NBK estimates.

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NBK buys Al Watany Bank of Egypt

Kuwait bank wins bid as part of 'expansion strategy in the region' says chief exec.

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NBK Capital plans $700mn Islamic bond sale

Investment arm of National Bank of Kuwait plans expansions in Egypt, Saudi and Qatar.

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Gulf markets rebound

Stocks across region push markets to higher close, bar Saudi which drops for fifth time in six days.

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NBK expects 2008 earnings surge

WEF: National Bank of Kuwait forecasts annual profit to rise by up to 15% this year, chief exec says.

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Under administration

The region's fund managers are making more use of independent custodians and administrators, and demanding increasingly sophisticated services, ABF discovers.

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Kuwait set to cut lending rates

Central bank will likely reduce key discount rate soon despite record inflation, National Bank of Kuwait says.

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NBK share rights issue 145% oversubscribed

Kuwait's largest lender receives subscriptions worth more than $3.7bn.

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NBK launches $1.5bn rights issue

National Bank of Kuwait opens share sale to existing investors to help pay for acquisitions.

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Savola moves on Turkish edible oil market

Saudi-based group acquires 100% of shares in Turkey's Yudum for $53mn.

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Kuwait's NBK offers full AlWatany buyout

National Bank of Kuwait offers to buy out any minority investors in AlWatany Bank of Egypt.

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NBK profits near record high

National Bank of Kuwait posts second-largest profit ever in Q3 as Kuwait's economy booms.

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NBK on track to hit full-year growth target

Kuwait's biggest lender expected to report robust growth in Q3, net income up 15.6%.

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Kuwait unleashes anti-inflation policies

Kuwait to clamp down on price gougers after lawmakers called on gov't to take action against inflation.

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MPs demand action as costs spiral

Kuwaiti lawmakers call on gov't to curb rising prices as food and housing costs fuel inflation.

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NBK eyes Saudi expansion

Kuwait's largest bank wants to expand in KSA as home competition intensifies with foreign banks entering market.

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Kuwait probes property price hike

The Kuwaiti government is to form committee to investigate a jump in prices of real estate and land plots.

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National Industries buys NBK treasury stock

Kuwait's group acquires most of treasury stock sold last week by National Bank of Kuwait.

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Tomorrow the world

The National Bank of Kuwait has upgraded its network, deployed a datacentre as well as disaster recovery solutions and is working on a fibre backbone as it sets its sights on becoming an international player.

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Storm hits Cayman Islands firms

Hurricane sweeps through offshore financial centre.

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NBK wins race for Al-Watany Bank

National Bank of Kuwait (NBK) has won control of Egypt's Al-Watany Bank and may increase its stake to 100%.

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First Kuwaiti sukuk programme

The first Kuwaiti sukuk programme has been introduced.

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NBK to raise $1.45bn to fund acquisitions

National Bank of Kuwait will sell stock to existing investors to pay for acquisitions in Turkey and Egypt.

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NBK plans $106mn Syrian affiliate

National Bank of Kuwait plans 49% stake in new lender reflecting growing Gulf Arab interest in country.

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NBK pays top dollar for Egypt’s Watany

The National Bank of Kuwait (NBK) has paid the highest acquisition price in its history in order to takeover Al Watany Bank of Egypt beating off rivals Commercial Bank of Kuwait.

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NBK buys Al-Watany for $522mn

UPDATE 12.30pm: National Bank of Kuwait says it wants to raise stake in Egyptian lender up to 100%.

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Kuwaiti bank buys into Turkish lender

National Bank of Kuwait agrees to purchase a 40% stake in Turkish Bank for $160mn.

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Kuwait's booming housing market

Real estate sector continues to boom due to burgeoning housing market, but low-income housing still in demand.

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Candidates for consolidation

The region's banking sector is facing up to the biggest shake-up it has ever witnessed during its tender 50-year history.

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Banking in the GCC

Will the banking industry be the next sector to feel the wind of change sweeping through the Gulf?

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Kuwait property sales up 26% in May

Real estate booms compared with 2006 as sales hit $800m last month.

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Mashreqbank, NBK compete for Egypt stake

The two GCC banks are part of five lenders vying for a share of Egypt's Alwatany.

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Kuwaiti property sales in record growth

National bank says April saw fastest ever growth in property sales.

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Gulf economies face real estate risk

NBK says outlook bright, but ability of banks to absorb real estate shock has not yet been tested.

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NBK set for six new Jordan branches

Kuwait's national bank has been given approval for six more branches in the Kingdom.

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NBK sets sights on Turkish acquisition

National Bank of Kuwait has confirmed it hopes to buy a 30% stake in an unnamed Turkish bank.

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Revealed: Gulf's most admired companies

Arabian Business has published its '50 Most Admired' list of regional companies.

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NBK sees 13% boost in profits

The National Bank of Kuwait has reported a hike in 2007 Q1 net profits.

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Kuwait's NBK still eyes Saudi bank

National Bank of Kuwait seeks to enter the KSA market via a stake in Saudi Hollandi Bank.

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NBK Capital appoints Investment head

National Bank of Kuwait subsidiary selects industry veteran for position.

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NBK finalising deal to buy Egypt bank

The National Bank of Kuwait could be about to aquire the Egyptian Gulf Bank.

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NBK reports record profit

US $657 million earned in first nine months of 2006

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NBK upgrades its core system with LogicaCMG’s SOA

...

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NBK Capital Enters Turkey

Kuwaiti bank grows investment banking footprint

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Financial B2B e-marketplace to be launched

A group of influential Middle Eastern banks has teamed up with KPMG Consulting to work on developing a B2B e-marketplace offering integrated financial services.

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READER COMMENTS

  1. UAE blocks low-paid workers from driving - report 14
    01 Dec ' 08 at 18:53
    Are the authorities considering Nurses as menial workers? No wonder then that large numbers of Graduate Nursing professionals are...  More »
  2. $95bn Satwa redevelopment delayed 3
    01 Dec ' 08 at 21:09
    You suggest Jumeira Gardens will stretch 150kms south of Shk Zayed Road. That would take you well into Abu Dhabi.I don't think even...  More »
  3. Property correction sooner, steeper than anticipated 3
    01 Dec ' 08 at 17:00
    I saw when people went from poor to rich in this country in a matter of weeks, i saw the rich getting poor agian in a matter of...  More »
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