Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) posted a 34% year-on-year (YoY) decrease in its net profits, logging EGP 1.09 billion in the first nine months of 2020, compared to EGP 1.66 billion.

The bank’s net interest income retreated to EGP 1.99 billion in the January-September period from EGP 2.31 billion in the prior-year period, according to a bourse disclosure on Wednesday.

During the first half (H1) of 2020, NBK Egypt achieved net profits of EGP 753.48 million, down from EP 1.05 billion in H1-19.