National Bank of Kuwait - Egypt (NBK) News - Mubasher Info
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10 April 06:43 AM

National Bank of Kuwait - Egypt (NBKE)

Last update: 8 April 12:28 PM market time.
30.72
-0.01
-0.03%
Open 30.73
Previous Close 30.73
High 30.99
Low 29.00
Stock Statistics
Volume 6,099
Turnover 181,252.16
All data are 15 minutes late during market session

News

Prime Capital has been hired to assess the fair value of the bank's stock
10 August 2021 09:40 AM NBK Egypt's board proposes voluntary delisting
Cairo – Mubasher: The National Bank of Kuwait-Egypt's (NBK Egypt) board of directors decided to delist the bank's shares from the Egyptian Exchange (EGX). The voluntary delisting decision will be referred to the bank's extraordinary general …
Banking and Finance
MNHD and NBK Egypt will increase their capital through issuing bonus shares
7 July 2021 02:25 PM EGX approves capital increase, reduction of several listed firms
Cairo - Mubasher: The Egyptian Exchange's (EGX) listing committee approved increasing the capital of several listed companies and decreasing the capital of others on Wednesday.  The EGX gave the green light for listing the bonus shares of Madinet …
Corporate Actions
The bank's net interest income declined to EGP 662.91 million
9 May 2021 08:11 AM NBK Egypt's profit inches up in Q1-21
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) reported net profits of EGP 404.11 million during the first quarter (Q1) of 2021, slightly up from EGP 402.7 million in the year-ago period.  The bank's net interest income declined …
Financial Results
The bank’s issued capital will be increased to EGP 5 billion
21 April 2021 08:10 AM NBK-Egypt's shareholders approve EGP 3.5bn capital raise
Cairo – Mubasher: The extraordinary general meeting (EGM) of the National Bank of Kuwait-Egypt (NBK-Egypt) approved a capital raise of EGP 3.5 billion by issuing 2.3 bonus shares for every share held. The bank’s issued capital will be increased to …
Corporate Actions
The bank aims to help businesses digitally manage cash flow
20 April 2021 10:39 AM NBK-Egypt launches SAP corporate banking solution
Cairo – Mubasher: The National Bank of Kuwait-Egypt (NBK-Egypt) has partnered with MDSap to launch SAP corporate banking solution in a bid to optimise its online banking experience. The technology will strengthen the bank’s efforts in digitising …
Banking and Finance
The capital increase will be financed from 2020’s retained earnings
21 March 2021 08:20 AM NBK Egypt's shareholders approve EGP 3.5bn capital hike
Cairo – Mubasher: The ordinary general meeting (OGM) of the National Bank of Kuwait - Egypt (NBK Egypt) approved a decision to increase the paid-up and issued capital to EGP 5 billion from EGP 1.5 billion. The capital increase will be financed …
Banking and Finance
The bank decided to raise the paid-up and issued capital to EGP 5 billion from EGP 1.5 billion
1 March 2021 02:49 PM FRA greenlights NBK Egypt's capital raise
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of the disclosure form submitted by the National Bank of Kuwait - Egypt (NBK Egypt) to increase its capital. The disclosure form includes the bank’s …
Banking and Finance
The lender’s revenues declined to EGP 3.26 billion last year
17 February 2021 09:10 AM NBK Egypt reports 33% lower profit in 2020, approves capital raise
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) achieved net profits of EGP 1.44 billion in 2020, down by 33.2% year-on-year (YoY) from EGP 2.16 billion in 2019. The lender’s revenues declined to EGP 3.26 billion last year, …
Corporate Actions
The bank’s net interest income retreated to EGP 1.99 billion
11 November 2020 09:33 AM NBK Egypt’s profit falls 34% in 9M
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) posted a 34% year-on-year (YoY) decrease in its net profits, logging EGP 1.09 billion in the first nine months of 2020, compared to EGP 1.66 billion. The bank’s net interest income …
Banking and Finance
The board recommended the appointment of two new board members
5 October 2020 11:15 AM NBK Egypt announces board reshuffle
Cairo – Mubasher: The board of directors of the National Bank of Kuwait – Egypt (NBK Egypt) approved the resignation of Omar Wahby from his position as a non-executive board member. The board recommended the appointment of Omar Bouhadiba and …
Banking and Finance
Signing the agreement
16 September 2020 02:14 PM NBK-Egypt launches Meeza card
Cairo – Mubasher: The National Bank of Kuwait – NBK - Egypt signed a cooperation protocol with the Egyptian Banks Company for Technological Advancement (EBC) on Wednesday to officially launch Meeza prepaid card. The protocol was signed by Amr …
Banking and Finance
Photo Archive
2 September 2020 10:17 AM Fitch affirms NBK’s ratings with stable outlook
Mubasher: Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook, and the viability rating (VR) at 'a-'. Being Kuwait's flagship bank with a diversified business model, …
Ratings
The lender’s net profits fell to EGP 350.72 million in Q2-20
11 August 2020 02:29 PM NBK Egypt reports 29% profit drop in H1-20
Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) achieved net profits of EGP 753.48 million in the first half (H1) of 2020, down by 28.6% year-on-year (YoY) from EGP 1.05 billion. Interest income from loans and revenues retreated …
Financial Results
The funding will be used to finance private-sector businesses
7 June 2020 09:31 AM EBRD approves $100m loan to NBK Egypt
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD) approved the provision of a $100 million loan to the National Bank of Kuwait – Egypt (NBK Egypt) to relieve the impact of the coronavirus (COVID-19) pandemic. The …
Banking and Finance
Total assets of the bank stood at EGP 64.2 billion in Q1-20
21 May 2020 10:38 AM NBK Egypt’s profits down to EGP 403m in Q1-20
Cairo - Mubasher: The net profit of National Bank of Kuwait – Egypt (NBK Egypt) amounted to EGP 402.76 million (KWD 7.9 million) in the first quarter (Q1) of 2020, compared to EGP 509.9 million (KWD 8.9 million) in the same period in 2019. Total …
Banking and Finance
NBK will disclose any material developments in due course
17 May 2020 10:26 AM NBK denies legal action against sale of NBK Egypt
Mubasher: The National Bank of Kuwait (NBK) has denied media reports and rumours circulating on social media platforms that a lawyer has filed a lawsuit in the Egyptian State Council requesting to rescind the sale transaction of the National Bank …
Banking and Finance
Edita's unit inked a five-year loan deal with Credit Agricole Egypt
2 April 2020 10:28 AM Edita inks EGP 96m loan deal with NBK Egypt
Cairo – Mubasher: Edita Food Industries signed a medium-term loan agreement with the National Bank of Kuwait - Egypt (NBK Egypt). The seven-year loan amounts to EGP 96 million and will be used to finance the company’s capital expenditures in …
Banking and Finance
NBK Egypt’s net profits rose to EGP 2.168 billion in 2019
15 March 2020 10:10 AM NBK Egypt’s shareholders approve EGP 1.25/shr dividend for 2019
Cairo – Mubasher: The ordinary general meeting (OGM) of National Bank of Kuwait – Egypt (NBK Egypt) approved the board’s proposal regarding distributing cash dividends for 2019. The lender’s shareholders agreed to distribute EGP 187.5 million or …
Cash Dividends
Net interest income rose to EGP 3.09 billion
10 February 2020 08:06 AM NBK Egypt’s profit rises 8% in 2019; dividends proposed
Cairo – Mubasher: National Bank of Kuwait – Egypt (NBK Egypt) reported an 8.3% year-on-year profit growth during 2019. The lender’s net profits amounted to EGP 2.168 billion last year from EGP 2.002 billion in 2018, according to a statement to the …
Banking and Finance
New biogas and organic fertilisers will be built
5 December 2019 00:45 PM NBK Egypt agrees with ILO to build biogas, fertilisers units
Cairo – Mubasher: National Bank of Kuwait – Egypt (NBKE) inked a cooperation deal with the International Labor Organization (ILO) and Bioenergy for Sustainable Rural Development to establish 60 new biogas and organic fertilisers units in the …
International Agreements
The farm is expected to start production by the second half of 2020
2 December 2019 02:56 PM Obour Land plans to build EGP 255m dairy farm
By: Islam Fadl Cairo – Mubasher: Obour Land for Food Industries plans to build a dairy farm over an area of 44 feddans in Belbeis with investments worth EGP 255 million, the company’s vice chairman and CEO Ashraf Hamed said. The food manufacturer …
Companies Investments
NBK-Egypt operates 50 branches in various governorates and cities
16 November 2019 06:26 PM NBK Egypt contributes 3rd of group’s profit from int’l units
Cairo - Mubasher: The solid growth in National Bank of Kuwait - Egypt’s (NBK Egypt) profits affirms the bank’s leading position in the Egyptian market which enjoys promising growth opportunities and positive outlook, NBK Egypt’s deputy group CEO …
Financial Results
Loans and credit facilities retreated to EGP 29.934 billion
14 November 2019 09:01 AM NBK Egypt’s profit up 14% in 9M
Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK Egypt) reported a 13.79% year-on-year profit increase during the first nine months of 2019. The bank’s net profits grew to EGP 1.66 billion in the nine-month period ended 30 September, …
Banking and Finance
NBK has invested about $1 billion in Egypt since 2007
22 October 2019 10:37 AM Kuwaiti pioneers mull business expansion in Egypt
Cairo – Mubasher: Several Kuwaiti investors have expressed their desire to increase their investments in the Egyptian market, especially in vessel manufacturing and repair industry in Suez Canal as well as airport infrastructure enhancement. Ali …
Companies Investments
The bank’s net interest income rose to EGP 3.9 billion
22 August 2019 08:21 AM NBK Egypt logs EGP 1.05bn profit in H1
Cairo – Mubasher: The National Bank of Kuwait – Egypt reported a 6.6% year-on-year profit growth during the first half of 2019. Net profits amounted to EGP 1.05 billion during the six-month period ended 30 June, compared to EGP 988.7 million in …
Financial Results