National Bank of Kuwait - Egypt (NBK) News - Mubasher Info
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08 May 05:54 AM

National Bank of Kuwait - Egypt (NBKE)

Last update: 6 May 11:12 AM market time.
29.00
-1.04
-3.46%
Open 30.04
Previous Close 30.04
High 30.04
Low 29.00
Stock Statistics
Volume 668
Turnover 19,413.04
All data are 15 minutes late during market session

News

The appointment is still pending approval by the Central Bank of Egypt (CBE)
17 July 2019 04:57 PM NBK Egypt names new vice chairman
Cairo – Mubasher: National Bank of Kuwait-Egypt (NBK-Egypt) announced the appointment of Yasser Abd El-Koddous as the new vice chairman. Abd El-Koddous will succeed George Richani as his term of office came to an end, the lender said in a …
Board of Directors
Net interest income rose to EGP 769.94 million
15 May 2019 01:58 PM NBK-Egypt logs EGP 510m profit in Q1
Cairo – Mubasher: National Bank of Kuwait-Egypt (NBK-Egypt) posted a 2.6% year-on-year profit growth during the first quarter of 2019. NBK-Egypt’s net profits registered EGP 509.99 million in the January-March period of 2019, compared to EGP …
Banking and Finance
NBK reported a 15.1% y-on-y profit increase to KWD 107.73m in Q1-19
21 April 2019 03:23 PM NBK eyes bigger market share in Egypt – CEO
Mubasher: The National Bank of Kuwait (NBK) plans to increase its market share in the Egyptian market, mainly in the retail banking sector by providing cutting-edge solutions, the CEO of the NBK Group said. NBK’s new branches in Saudi Arabia have …
Banking and Finance
NBK Egypt achieved EGP 2 billion earnings in FY18
28 March 2019 00:33 PM NBK Egypt to pay EGP 1.25/shr dividend for FY18
Cairo – Mubasher: The ordinary general meeting of the National Bank of Kuwait – Egypt (NBK Egypt) approved the board’s recommendation of distributing EGP 1.25 per share as cash dividend for fiscal year 2018. The EGP 112.5 million dividends will be …
Banking and Finance
The Egyptian unit of NBK reported a 33.22% year-on-year increase in net profits for the full year of 2018
28 February 2019 01:19 PM NBK Egypt’s board proposes EGP 187.5m dividends for 2018
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) on Thursday said that its board of directors recommended a cash dividend distribution of EGP 1.25 per share to shareholders for 2018. A total dividend of EGP 187.5 million will be paid in two …
Management Decisions
The bank's assets rose 24.56% to EGP 73.5 billion last year
27 February 2019 09:29 PM NBK Egypt posts over EGP 2bn net profit in 12M
Cairo – Mubasher: The Egyptian unit of National Bank of Kuwait (NBK) on Wednesday reported a 33.22% year-on-year increase in net profits for the full year of 2018, recording EGP 2.002 billion ($114.2 million). NBK Egypt’s assets rose 24.56% to EGP …
Banking and Finance
Net profit amounted to EGP 1.4 billion during the period from January to September
1 November 2018 02:15 PM NBK Egypt logs EGP 1.4bn profit in 9M
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) on Thursday reported a 26% year-on-year rise in profits for the first nine months of 2018. Net profit amounted to EGP 1.4 billion during the period from January to September, versus EGP 1.16 …
Financial Results
Abu Qir Fertilizers select banking consortium for EGP 600m loan
5 August 2018 01:31 PM Abu Qir Fertilizers select banking consortium for EGP 600m loan
Cairo – Mubasher: Abu Qir Fertilizers has announced that it will choose a banking consortium to secure an EGP 600 million facility during the coming period to finance the nitric and acids project. The first consortium is led by the National Bank …
Banking and Finance
The bank attributed the robust H1-18 profits to an EGP 100 million increase in net return
2 August 2018 02:02 PM NBK Egypt profit hikes 36% in H1
Cairo – Mubasher: The financial indicators of National Bank of Kuwait – Egypt (NBK) showed a 36.1% year-on-year growth in profits for the first half of 2018, recording EGP 989 million from EGP 727 million. The bank attributed the robust H1-18 …
Banking and Finance
NBK will finance five startups to ease procedures for building and operating the 100 units
11 June 2018 03:01 PM NBK Egypt, ILO ink deal to produce biogas in Egypt
Cairo – Mubasher: The International Labour Organization (ILO) has signed a memorandum of understanding (MoU) with the National Bank of Kuwait – Egypt (NBK) to establish 100 biogas generation units in the Upper Egypt governorate of Minya. Under the …
Companies Investments
CI also affirmed NBK's financial strength rating (FSR) at 'A+'
31 May 2018 03:08 PM Capital Intelligence affirms NBK's long-term foreign currency at 'AA-'; outlook stable
Kuwait – Mubasher: Capital Intelligence Ratings (CI) has affirmed National Bank of Kuwait's (NBK) long- and short-term foreign currency ratings at 'AA-' and 'A1+', respectively, with a stable outlook. CI also affirmed NBK's financial strength …
Ratings
Net income increased to EGP 651.4 million in Q1-18
15 May 2018 03:20 PM NBK Egypt Q1 profit rises 51%
Cairo – Mubasher: National Bank of Kuwait – Egypt (NBK) on Tuesday reported a 50.8% year-on-year hike in profits for the first quarter of 2018, recording EGP 486.89 million from EGP 329.5 million. Net income increased to EGP 651.4 million in …
Financial Results
The OGM has agreed to distribute EGP 187.5 million in two installments
2 April 2018 00:21 PM NBK Egypt board OKs EGP 1.25/shr dividends for 2017
Cairo – Mubasher: The ordinary general meeting (OGM) of National Bank of Kuwait - Egypt (NBK) approved a cash dividend distribution of EGP 1.25 per share to shareholders for 2017. The OGM has agreed to distribute EGP 187.5 million in two …
Cash Dividends
The bank has retained EGP 2.05 billion for 2017
22 February 2018 02:12 PM NBK Egypt proposes EGP 188m dividends for 2017
Cairo – Mubasher: National Bank of Kuwait of Egypt on Thursday said that total proposed cash dividends for shareholders amounted to EGP 187.5 million for 2017 profits. Meanwhile, the proposed dividends for employees stood at EGP 150.31 million, …
Cash Dividends
NBK Egypt logs 77% increase in 2017 profits
22 February 2018 00:32 PM NBK Egypt profits hike 77% in 2017
Cairo – Mubasher: National Bank of Kuwait of Egypt (NBK) on Thursday reported a 77% year-on-year surge in standalone profits for 2017. Net profit totalled EGP 1.5 billion last year, compared to EGP 848.9 million at the end of 2016, the bank said …
Financial Results
The IFRS9 required by the CBE has no impacts on the proposals of the bank’s cash dividend distributions
13 February 2018 01:09 PM NBK's financial statements intact after putting IFRS9 into effect
Cairo - Mubasher: National Bank of Kuwait – Egypt (NBK) on Tuesday affirmed that the introduction of IFRS9 has not significantly affected its financial statements for 2017/2018. The IFRS9 required by the Central Bank of Egypt (CBE) has no impacts …
Banking and Finance
EGX rises 17% in 7M
19 December 2017 04:24 PM EGX rises 17% in 7M - Report
Cairo – Mubasher: The benchmark EGX30 index rose 17% year-to-date through 5 December, according to a recent report by the National Bank of Kuwait (NBK). The Egyptian Exchange (EGX) witnessed a healthy recovery as the EGX30 index surged 72% to-date …
Trading Activities
The Egyptian economy has become more competitive on the back of the currency float
19 December 2017 03:41 PM Egypt’s economy to grow 4.7% in FY 2017/18 - NBK
Cairo - Mubasher: Egypt’s economic activity maintained bouncing back in the third quarter of 2017 after beginning to turn a corner during the first half of 2017, according to a recent report by the National Bank of Kuwait (NBK). The Egyptian …
Macroeconomics
NBK Egypt aims to have 60 branches across the country by 2020
19 December 2017 11:49 AM Kuwait’s NBK mulls expansion in Egypt, KSA
Mubasher: The National Bank of Kuwait (NBK) intends to expand in the Egyptian market and hire hundreds of people by opening more branches, as reported by Bloomberg. Kuwait’s largest lender targets growth in the Middle East’s biggest markets, …
Companies Investments
18 December 2017 01:07 PM Kuwaiti investments in Egypt near $7bn – NBK CEO
Cairo – Mubasher: The value of Kuwaiti investments in Egypt ranges between $6 billion and $7 billion, Middle East News Agency (MENA) reported, citing Essam Saqr, the chairman of the National Bank of Kuwait (NBK) – Egypt, as saying. Speaking at the …
Companies Investments
NBK to hire hundreds of Saudi persons, to expand in Egypt and KSA
18 December 2017 00:31 PM NBK to hire hundreds of Saudis, eyes global expansion
Mubasher: The National Bank of Kuwait (NBK) plans to hire hundreds of Saudi bankers and expand through opening several branches in the Kingdom, Bloomberg reported. “NBK, as the bank is known, aims to expand in Riyadh and Dammam by the end of next …
Corporate Actions
NBK Egypt profits surge 72% in Q3
24 October 2017 11:14 AM NBK Egypt profits surge 72% in Q3
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) on Tuesday reported a 72% year-on-year hike in consolidated profits for the third quarter of 2017 due to higher interest income. Net profit amounted to EGP 433.8 million in the three months …
Financial Results
The bank's profits amounted to KWD 73.7 million in Q3-17
9 October 2017 04:44 PM NBK’s NPL coverage reach 300% - CEO
Mubasher: The CEO of the National Bank of Kuwait (NBK) said that non-preforming loans (NPL) are covered by 300%. Isam Jassem Al Sager added in his remarks to CNBC Arabiya on Monday that the bank’s profits in Egypt rose by 70%. Today, the National …
Financial Results
The Suez Canal
8 October 2017 03:01 PM SCA asks for EUR 300m loan to buy 2 diggers
Cairo – Mubasher: The Suez Canal Authority (SCA) requested an EUR 300 million loan from the National Bank of Egypt (NBE) and Banque Misr to purchase two new diggers. The loan guarantee agreement is currently being prepared, two banking sources …
Macroeconomics
National Bank of Kuwait – Egypt posted on Thursday a 80% year-on-year hike in the profits for the second quarter of 2017
27 July 2017 02:43 PM NBK Egypt Q2 profits soar 80%
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK) on Thursday posted an 80% year-on-year hike in profits for the second quarter of 2017 on the back of a growth in returns from loans. The bank’s profits amounted to EGP 397.13 million in …
Financial Results