Mubasher: The National Bank of Kuwait (NBK) has announced that the ordinary and extraordinary general assembly approved distributing 30% of cash dividends to the shareholders, equivalent to 30 fils per share.

The bank will also distribute bonus shares of 5%, according to NBK’s statement.

Moreover, NBK’s assets went up 7.4% to KWD 26 billion in 2017, while capitalisation hiked 17.8%, the bank added.

“NBK Group has achieved strong performance across all business segments during the year 2017. The Group witnessed a remarkable increase in profitability while continuing to maintain its leading position in the domestic market,” NBK chairman Nasser Al-Sayer said.

The Kuwaiti lender has reported a profit growth of 9.2% year-on-year to KWD 332.4 million during 2017 compared to KWD 295.18 million ($982.27 million).