NBK-Egypt posts EGP 404 M
Updated 5/9/2021 10:23:53 AM
ArabFinance: National Bank of Kuwait – Egypt (NBK-Egypt) (NBKE) posted a net profit of EGP 404.116 million in quarter one (Q1) 2021, according to the company’s May 9th financial statements filed to the Egyptian Exchange.
In Q1 2020, the company posted EGP 402.764 million.
NBK-Egypt’s extraordinary general assembly approved issued and paid-in capital increase by EGP 3.5 billion distributed on 350 million shares.
Net profit of NBK-Egypt dipped to EGP 1.44 billion in 2020, compared to EGP 2.17 billion in 2019
NBK Egypt, formerly Al Watany Bank of Egypt SAE, 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.
