National Bank of Kuwait - Kuwait

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Recent Articles

• 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.

• NBK eyes Saudi expansion27 September 2007

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

• Kuwait probes property price hike23 September 2007

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

• National Industries buys NBK treasury stock23 September 2007

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

• Storm hits Cayman Islands firms11 September 2007

  Hurricane sweeps through offshore financial centre.

• NBK wins race for Al-Watany Bank9 September 2007

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

• First Kuwaiti sukuk programme4 September 2007

  The first Kuwaiti sukuk programme has been introduced.

• NBK to raise $1.45bn to fund acquisitions26 August 2007

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

• NBK plans $106mn Syrian affiliate18 August 2007

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

• NBK pays top dollar for Egypt’s Watany18 August 2007

  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.

• NBK buys Al-Watany for $522mn13 August 2007

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

• Kuwaiti bank buys into Turkish lender31 July 2007

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

• Kuwait property sales up 26% in May27 June 2007

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

• Mashreqbank, NBK compete for Egypt stake28 May 2007

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

• Kuwaiti property sales in record growth27 May 2007

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

• Gulf economies face real estate risk23 May 2007

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

• NBK set for six new Jordan branches19 May 2007

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

• NBK sets sights on Turkish acquisition11 May 2007

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

• Revealed: Gulf's most admired companies14 April 2007

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

• NBK sees 13% boost in profits9 April 2007

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

• Kuwait's NBK still eyes Saudi bank25 March 2007

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

• NBK Capital appoints Investment head6 March 2007

  National Bank of Kuwait subsidiary selects industry veteran for position.

• NBK finalising deal to buy Egypt bank21 February 2007

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

• NBK reports record profit31 October 2006

  US $657 million earned in first nine months of 2006