NBK Egypt reports net profit decline
Updated 2/17/2021 10:36:00 AM
ArabFinance: Net profit of The National Bank of Kuwait - Egypt (NBK Egypt) (NBKE) dipped to EGP 1.44 billion in 2020, compared to EGP 2.17 billion in 2019, according to the bank’s statement to the Egyptian Exchange on February 17th.
The bank reported a 34% Year on Year decline in its net profit in the first nine months of 2020, registering EGP 1.09 billion, compared to EGP 1.66 billion in the same period of 2019.
NBK Egypt, formerly Al Watany Bank of Egypt SAE (AWB), is an Egypt-based public shareholding company engaged in the provision of corporate, retail, and investment banking services.
The bank’s financial services and products include trade finance, and commercial and residential mortgages, among others.
