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National Bank of Kuwait

From Wikipedia - Reading time: 6 min
Not to be confused with Central Bank of Kuwait.
National Bank of Kuwait
Native name
بنك الكويت الوطني
Company typePublic
NBK
IndustryFinancial services
Founded1952; 72 years ago (1952)
FoundersConsortium of Kuwaiti merchants
HeadquartersKuwait City, Kuwait
Key people
Hamad Mohammed Al Bahar (Chairman) Isam Al Sager (Group CEO) Shaikha Al Bahar (Deputy Group CEO) Salah Al Fulaij (CEO - Kuwait)
ProductsCredit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management
RevenueIncrease KWD 906.32 million (2021)
Increase KWD 547.37 million (2021)
Increase KWD 362.25 million (2021)
Total assetsIncrease KWD 33.25 billion (2021)
Number of employees
Increase 6,058 (2017)
Websitewww.nbk.com

The National Bank of Kuwait (NBK) is a bank in Kuwait established in 1952.[1] It is the largest financial institution in Kuwait. It has branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore and a regional presence across the Middle East in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey, and the United Arab Emirates (UAE).[2]

NBK operates over 138 branches spanning across 13 countries, seven of which are in the Middle East. It also offers alternative investments through its NBK Capital subsidiary, which, since its establishment in 2005, has allocated over $91 billion worth of investment banking mandates as of November 2022.[3]

Financial performance

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For the year 2022, the National Bank of Kuwait has posted a net profit of USD 1.7 billion.[4]

References

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  1. ^ "National Bank of Kuwait (NBK) | Devex". www.devex.com. Retrieved 2024-01-29.
  2. ^ Mughal, Waqar. "National Bank of Kuwait (NBK) - 50 Most Valuable Banks 2023". Forbes Lists. Retrieved 2024-01-29.
  3. ^ "National Bank of Kuwait | Company Overview & News". Forbes. Retrieved 2024-01-29.
  4. ^ Mansoor, Zainab (2023-01-30). "National Bank of Kuwait reports $1.7bn in net profit for 2022". Retrieved 2023-01-31.
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Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/National_Bank_of_Kuwait
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