National Bank of Kuwait - Kuwait

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Recent Articles

• Kuwait's population stable as expats hit by job losses15 November 2009

  Around 3.4m living in Gulf state, private sector takes brunt of fall in worker numbers.

• National Bank of Kuwait posts 10% rise in Q3 profit20 October 2009

  Net income came in at KD75.5m, compared to KD68.59m in same period last year.

• UAE could lag GCC economic recovery - NBK14 October 2009

  Kuwaiti bank says economic growth is likely to be hampered by high debt levels.

• Qatar economy shows signs of recovery - NBK4 October 2009

  Successive money supply increases indicate upturn in Gulf state - report.

• Kuwait property sales up 8.6% in Aug1 October 2009

  Real estate sales see first rise of this year, official data shows gradual recovery happening.

• NBK launches third KD Ijara fund26 September 2009

  Third version of Sharia compliant fund, on offer to investors through October 11, set to run for 5 years.

• NBK raises stake in Boubyan to 40%15 September 2009

  Kuwait's biggest lender increases its stake, has hopes for Boubyan to become its Islamic banking arm.

• 155 axed workers receive Kuwaiti gov't benefits6 September 2009

  New initiative's chief appeals to local companies to help redeploy sacked staff.

• NBK launches second KD Ijara fund5 September 2009

  Lender’s latest fund follows successful launch of predecessor in June which was fully subscribed in 3 days.

• Moody's affirms NBK rating, downgrades Burgan Bank26 August 2009

  Rating action reflects weakening credit conditions in Kuwait - rating agency.

• Kuwait budget surplus falls 59%25 August 2009

  New NBK report says 88% rise in spending driven by extraordinary transfers, high fuel costs.

• Cautious UAE banks may hamper govt stimulus spending9 August 2009

  UAE's weak monetary growth may indicate spending is failing to boost economy - NBK.

• Kuwaiti banks post H1 profits despite global downturn 25 July 2009

  Profits come against backdrop of implementation of financial stability law.

• NBK buys 13.2% of KIA’s stake in Boubyan for $295m22 July 2009

  NBK buys 154 million shares for $295m, taking its holding to 27.5%.

• Kuwait's KFH sees Q2 profits hit by provisions20 July 2009

  Gulf's 2nd largest Islamic lender does not reveal level or purpose of provisions.

• Kuwait's NBK sees 32.7% drop in Q2 profits14 July 2009

  NBK boss Ibrahim Dabdoub sees fall in funds, but expects good year results.

• Saudi's Alinma Bank examining further project funding11 July 2009

  CEO says bank looking at King Abdullah Financial Center in Riyadh among others.

• Kuwait real estate sales fall to 5 month low5 July 2009

  National Bank of Kuwait report says 314 deals done in May, down 17% on previous month.

• Future of oil price to remain uncertain - report25 June 2009

  National Bank of Kuwait report predicts GCC oil exports to fall by 40 percent this year.

• Al-Tuwairqi said to hire HSBC for debt restructuring 24 June 2009

  UK bank to oversee Saudi steelmaker’s bank loans, according to sources.

• Kuwait's KIA to auction stake in Boubyan 22 June 2009

  UPDATE 1: Sovereign wealth fund looking to offload 20% stake via public auction in July. 

• NBK raises Boubyan Bank stake18 June 2009

  National Bank of Kuwait becomes third-largest shareholder in the Islamic lender.

• Kuwait's largest bank puts expansion plan on hold17 June 2009

  EXCLUSIVE: NBK chief exec says bank is 'going back to basics' amid global economic crisis.

• Kuwait surplus to shrink amid 'gloomy' 2009 - NBK16 June 2009

  National Bank of Kuwait sees Gulf state stay in surplus but at much reduced level.

• Kuwait investment firm disputes Boubyan stake sale15 June 2009

  Dar has filed a lawsuit against Commercial Bank of Kuwait over Islamic lender stake.