Mubasher: The National Bank of Kuwait (NBK) said that it has an exposure to the NMC Healthcare Group worth $91.35 million (KWD 28.18 million).

The Kuwaiti lender said that it has no exposure to any subsidiary of NMC, according to a stock exchange statement on Tuesday.

The exposure value represents only 0.14% of NBK’s loan portfolio, while the impact on the capital adequacy ratio (CAR) does not exceed 0.02%.

Accordingly, there will be no material impact on NBK’s financial position.

It is worthy to mention that in the fiscal year (FY) 2019, the bank reported an increase in profits by 8.3% annually to KWD 401.29 million ($1.33 billion), compared to KWD 370.71 million ($1.23 billion) in 2018.