National Bank of Kuwait - Kuwait

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Recent Articles

• NBK not affected by Gulf Bank troubles - CEO26 October 2008

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

• Kuwait's NBK Q3 down as bourse slides13 October 2008

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

• Kuwait property sales in July up 50% month-on-month27 August 2008

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

• Kuwait inflation 'to fall to 7-8% by end of year'27 August 2008

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

• Kuwait bank makes first foray into Dubai24 August 2008

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

• Gulf banks post bumper profit as economies boom9 July 2008

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

• Kuwaiti bank profits up despite lending restrictions6 July 2008

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

• NBK online banking customers targeted by phishing attack23 June 2008

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

• Kuwait's NBK expects 20% profit surge in H18 June 2008

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

• Syria proposes KIA venture 5 June 2008

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

• NBK posts record profit12 April 2008

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

• Kuwait budget surplus tops $32bn2 April 2008

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

• NBK buys Al Watany Bank of Egypt2 April 2008

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

• NBK Capital plans $700mn Islamic bond sale27 March 2008

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

• Gulf markets rebound12 March 2008

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

• NBK expects 2008 earnings surge24 January 2008

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

• Kuwait set to cut lending rates30 December 2007

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

• NBK share rights issue 145% oversubscribed29 December 2007

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

• NBK launches $1.5bn rights issue9 December 2007

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

• Savola moves on Turkish edible oil market25 November 2007

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

• Kuwait's NBK offers full AlWatany buyout21 November 2007

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

• NBK profits near record high10 October 2007

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

• NBK on track to hit full-year growth target8 October 2007

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

• Kuwait unleashes anti-inflation policies5 October 2007

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

• MPs demand action as costs spiral2 October 2007

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