Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) achieved net profits of EGP 753.48 million in the first half (H1) of 2020, down by 28.6% year-on-year (YoY) from EGP 1.05 billion.

Interest income from loans and revenues retreated to EGP 3.064 billion in the six-month period ended on 30 June from EGP 3.98 billion in the year-ago period, according to a bourse disclosure on Tuesday.

As for the second quarter (Q2) of 2020, the lender’s net profits fell to EGP 350.72 million from EGP 544.6 million in the same period in 2019.

During Q1-20, NBK Egypt logged net profits of EGP 402.76 million, down from EGP 509.9 million in Q1-19.