Mubasher: The National Bank of Kuwait – Bahrain (NBK Bahrain) achieved growth of 14.3% in profits during fiscal year 2016 as compared to the same period of 2015.

Earnings increased to BHD 73.42 million ($188.61 million) in FY16 from BHD 64.21 million ($164.95 million) in FY15, according to a bourse filing issued on Monday.

NBK Bahrain clarified that the profits reported in FY16 will boost the mother company’s overall profitability and back the diversification of income resources.

NBK's stock ended Monday’s session 1.35% lower at Boursa Kuwait, reaching 730 fils, after about 575,920 shares were traded at a value of approximately KWD 421,240.