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NBK- Egypt posts EGP 130.4m profits in Q4

NBK- Egypt posts EGP 130.4m profits in Q4
Photo Credit: Arabianeye - Reuters
NBK
NBKE
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Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK) reported net profits of EGP 130.4 million for the fourth quarter of 2015, according to the bank’s financial indicators.

Meanwhile, the lender saw net earnings of EGP 576 million for 2015, up 53.2% from EGP 376 million a year earlier.

The lender’s net interest income reached EGP 2.9 billion in 2015, compared with EGP 2.03 billion in the previous year.

Notably, NBK- Egypt’s net profits surged 62.9% in the first nine months of 2015.