Cairo – Mubasher: National Bank of Kuwait – Egypt posted a 30.2% rise in its net profits for for the first quarter of 2015, up to EGP 126.3 million ($16.5 million) from EGP 97 million ($12.7 million) in the same period a year ago.

The bank, a subsidiary of Kuwait’s NBK, previously reported EGP 375.5 million in net profits for the fiscal year 2014, up 9.1% year-on-year from EGP 344.1 million.