Cairo – Egypt: The National Bank of Kuwait in Egypt (NBK-Egypt) reported a growth of 56% in profits during the third quarter of 2016 as compared to the same period a year ago.

Net profit totalled EGP 252.26 million in Q3-16 as compared to EGP 161.6 million in Q3-15, according to a bourse statement issued on Wednesday.

During the first nine months of 2016, earnings soared to EGP 659.7 million when compared to EGP 445.73 million in the same period a year ago.