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NBK-Egypt posts 47.7% growth in Q1 profits

NBK-Egypt posts 47.7% growth in Q1 profits
NBK-Egypt’s earnings grew to EGP 186.61 million (Photo Credit: NBK website)
NBK
NBKE
-3.10% 33.43 -1.07

Cairo-Mubasher: The National Bank of Kuwait – Egypt (NBK-Egypt) achieved an increase of 47.7% in net profits of the first quarter as compared to the same period in 2015, the company announced in a statement issued Sunday.

NBK-Egypt’s earnings grew to EGP 186.61 million ($21.1 million) in Q1-16, from EGP 126.33 million ($14.26 million) in Q1-15.