Cairo – Mubasher: The National Bank of Kuwait-Egypt (NBK Egypt) achieved net profits of EGP 694.47 million in the first half (H1) of 2021, down by 7.8% year-on-year (YoY) from EGP 753.48 million. 

The bank's net interest income declined to EGP 1.32 billion in the January-June period, compared to EGP 1.37 billion in the same period in 2020, according to a bourse disclosure on Wednesday. 

During the first quarter (Q1) of 2021, NBK Egypt logged net profits of EGP 404.11 million, slightly up from EGP 402.7 million in Q1-20.