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NBK Egypt's profit inches up in Q1-21

NBK Egypt's profit inches up in Q1-21
The bank's net interest income declined to EGP 662.91 million
NBK
NBKE
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Cairo – Mubasher: The National Bank of Kuwait – Egypt (NBK Egypt) reported net profits of EGP 404.11 million during the first quarter (Q1) of 2021, slightly up from EGP 402.7 million in the year-ago period. 

The bank's net interest income declined to EGP 662.91 million in the January-March period, compared to EGP 728.55 million in the corresponding period a year earlier, according to a bourse disclosure on Sunday. 

In 2020, NBK Egypt achieved net profits of EGP 1.44 billion, down by 33.2% year-on-year (YoY) from EGP 2.16 billion in 2019.