National Bank of Kuwait - Kuwait

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Recent Articles

• NBK buys 19.1% in Islamic lender for $420m14 June 2009

  NBK to buy Commercial Bank of Kuwait's stake in Boubyan Bank as part of strategic drive.

• Kuwaiti real estate sales rise 8%6 June 2009

  Commercial property leads the way, according to National Bank of Kuwait report issued Saturday.

• Kuwait inflation predicted to fall to 6% in 20095 May 2009

  National Bank of Kuwait's research shows impact of economic crisis on country.

• Kuwait's NBK Q1 profit falls 22.6% on provisions21 April 2009

  Kuwait's biggest bank by assets posts net profit of $216.9m amid global downturn.

• 'Worst over' for Kuwaiti banking sector12 April 2009

  Q1 profits expected to decline year on year, but improve from losses in prior quarter.

• Crisis will see fewer nationals working in private sector 5 April 2009

  GCC youngsters likely to opt for public sector jobs where pay will be maintained, NBK.

• Kuwait shares post major gains2 March 2009

  Market posts biggest one-day gain since December as stalled economic reforms may now speed up.

• Kuwait's NBK bank on course to match Q1-2008 profit - CEO1 March 2009

  National Bank of Kuwait chief does not see need for provisions in 2009, for the time being.

• Call for KIA to invest in local banks 22 February 2009

  Bank chief says Kuwait's sovereign wealth fund should help economy by investing in local banks.

• Unemployment among Gulf nationals predicted to rise18 February 2009

  New NBK report says economic downturn will limit job creation in public sector.

• Top Kuwaiti banker calls on gov't for stimulus6 February 2009

  CEO of NBK Group predicts economy can ride out global crisis by year-end if gov't acts.

• Kuwait's NBK urges more govt support for stock market29 January 2009

  Head of Kuwait's largest bank by assets feels rate cuts and liquidity pumping is not enough.

• Kuwait economy will contract 4% this year - NBK28 January 2009

  Decline in GDP will be led by oil sector, but non-oil sector may slow 2%.    

• Kuwait's NBK Q4 profit dips; CEO upbeat on '0927 January 2009

  UPDATE 1: Gulf nation's biggest bank provides to offset impact of global financial crisis.

• Kuwait posts 9.82 billion dinars surplus25 January 2009

  Kuwait has confirmed a preliminary budget surplus of 9.82 billion dinars despite falling crude oil prices.

• NBK sees OPEC cuts vital for oil price recovery22 January 2009

  Analysts say price could languish at low levels if members don't cut output as agreed.

• Qatar ends 9-day losing streak; UAE markets end mixed22 January 2009

  UPDATE 4: Shares of Industries Qatar and Qatar National Bank lead rally in Doha.

• Gulf markets slump to fresh multi-year lows20 January 2009

  UPDATE 6: Most Arab bourses end in red after bellwether company posts dismal profit.

• Kuwait, Oman, Qatar markets end at multi-year lows19 January 2009

  UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

• Kuwait urged to spend to ride out economic turmoil15 January 2009

  Fiscal stimulus package needed for infrastructure projects - NBK report.

• New report sees Kuwaiti inflation at 6%11 January 2009

  National Bank of Kuwait brief says rate will stabilise in Q1 of 2009 after 2008 highs.

• NBK gets approval to buy stake in Boubyan23 December 2008

  Kuwait's largest bank by assets secures central bank approval to buy up to 40% in Islamic lender.

• Kuwait's largest lender falls short of profit target16 December 2008

  Chief exec of National Bank of Kuwait says it will not hit 2008 profit forecast of $1.17bn.

• Moody's mulls downgrade for four Kuwaiti banks5 December 2008

  Concerns over real estate exposure leads investors service to put banks on review.

• Kuwait sees big spike in 2008 revenues4 December 2008

  Report reveals Gulf state's economy posted $35bn surplus for first seven months of fiscal year.