National Bank of Kuwait

Type: Company
Name: National Bank of Kuwait
Nationality: Kuwait
Web Address: http://www.nbk.com/
Fact Sheet: Fact Sheet for National Bank of Kuwait
First reported 8 hours ago - Updated 5 hours ago - 1 reports

Kuwait Finance House third quarter net profit falls 10%

Net profit dropped to 35.5m dinars Dubai: Kuwait Finance House (KFH) , the country’s biggest Islamic lender, reported a 10 per cent fall in third-quarter net profit on Thursday, in line with analysts’ forecasts. Net profit dropped to 35.5 million dinars ... [Published Gulf News - 8 hours ago]
First reported 11 hours ago - Updated 11 hours ago - 1 reports

CBK approves QNB opening a second branch in

The Governor of the Central Bank of Kuwait (CBK), Dr Mohammad Yousef Al-Hashel, announced that CBK's Board of Directors has approved the opening of a second branch of Qatar National Bank (QNB) in Kuwait. However , Gulf region’s top three national banks ... [Published Gulf Bankers - 11 hours ago]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Kuwait’s NBK Capital smashes $300m target for Fund II

The investment banking arm of the National Bank of Kuwait has closed its second private equity fund on $310m, just beating its target of $3 ... [Published AltAssets.net - Oct 20 2014]
First reported Oct 20 2014 - Updated Oct 20 2014 - 1 reports

Initiative to enhance abilities of students to study overseas-Youth Ministry

KUWAIT, Oct 20 (KUNA) -- The Ministry of State for Youth Affairs seeks to enhance abilities of the Kuwaiti students posed to study abroad, the ministry's Assistant Undersecretary for development Abdulrahman Al-Mutairi said on Monday.The Ministry has offered ... [Published Kuwait News Agency - Oct 20 2014]
First reported Oct 18 2014 - Updated Oct 18 2014 - 1 reports

Kuwait petchem firm launches $1bn loan

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1-billion loan into syndication, said bankers.The deal is being led by a consortium of international and local banks comprising ... [Published Trade Arabia - Oct 18 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 1 reports

RLPC-Kuwait's Kufpec launches $1 bln loan-bankers

Reuters Middle East – 12 minutes agoShare thisLONDON, Oct 16 (Reuters) - Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1 billion loan into syndication, bankers said on Thurs ... [Published Yahoo! Maktoob News - Oct 16 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 1 reports

Kuwait awards $20.7bn worth of contracts by end of August

Recent report said that the Kuwaiti government had awarded more than KD6bn ($20.7bn) worth of contracts by the end of August, almost twice as much as last year, making the country’s projects market among the fastest growing in the region, Trade Arabia ... [Published AME Info - Oct 16 2014]
First reported Oct 16 2014 - Updated Oct 16 2014 - 1 reports

NBK net profit falls 15.6pc to $204.7m

DUBAI: National Bank of Kuwait (NBK), the Gulf state's largest commercial lender, reported a 15.6 per cent drop in third-quarter net profit yesterday, missing analysts' expectations despite an increase in revenue.It gave no reason for the profit fall. ... [Published Gulf Daily News - Oct 16 2014]
First reported Oct 15 2014 - Updated Oct 15 2014 - 2 reports

National Bank of Kuwait Q3 net profit falls 16 pct

* Q3 net profit 59.1 mln dinars vs 70.1 mln dinars yr-ago * Provisions likely reason for decline (Adds detail, context) By David French DUBAI, Oct 15 (Reuters) - National Bank of Kuwait (NBK), the Gulf Arab state's largest commercial lender, reported ... [Published Yahoo! Maktoob News - Oct 15 2014]
First reported Oct 07 2014 - Updated Oct 07 2014 - 1 reports

National Bank of Kuwait sells 30% stake in IBQ for $538m

National Bank of Kuwait (NBK) has agreed to sell its 30% stake in International Bank of Qatar (IBQ) to Qatari investors for $538m.According to NBK, the sale would generate a profit of $87m, which would reflect in the 2014 financial result.In 2004, National ... [Published Banking Business Review - Oct 07 2014]
First reported Oct 05 2014 - Updated Oct 06 2014 - 2 reports

NBK agrees to sell its 30% stake in IBQ to Qatari investors in a transaction worth USD 538 million

Release date- 02102014 – .National Bank of Kuwait, the largest Kuwaiti bank, announced today that it has agreed to sell its 30% stake in its Qatari associate, International Bank of Qatar (IBQ), to Qatari investors in a transaction worth USD 538 million ... [Published ACQ Magazine - Oct 05 2014]
First reported Oct 02 2014 - Updated Oct 03 2014 - 11 reports

NBK sells 30pc stake in IBQ for $538m

DUBAI: National Bank of Kuwait has sold its 30 percent stake in unlisted International Bank of Qatar for 155m dinars ($538m) after being unable to secure a controlling stake, the Kuwaiti lender said yesterday. The largest bank in Kuwait said it would ... [Published Qatar Peninsula - Oct 03 2014]

Quotes

...Amjad Ahmad, Senior Managing Director and Head of Alternative Investments at NBK Capital commented, "We will continue to focus on middle market private equity investments where we believe there are significant opportunities to drive value and returns. Our team's intense focus on developing and growing companies will continue to be a key factor in delivering strong returns for investors."
"I am not sure how this new deal will go. Appetite for another five-year deal so soon after the last might not be the same" said one of the bankers
Nasser Al-Sayer, NBK Chairman, said " NBK continues delivering solid results. NBK 's conservative management practices and its strong financial position helped the bank sustain its profitability and resilient market position."
Commenting on the occasion, Ahmed Al Khader, NBK 's Deputy Head, Consumer Banking Group, said "This award marks a new recognition of NBK 's unique and best in class product offering locally and regionally. This distinction underpins the excellence of NBK services and its pioneering position in offering specialized and innovative banking services available in the world today."

More Content

All (133) | News (124) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (7) | Press Releases (0)
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Kuwait Investment shares jump on KIA plan – Kuw... [Published Kuwait Times - 2 hours ago]
Kuwait Finance House third quarter net profit f... [Published Gulf News - 8 hours ago]
CBK approves QNB opening a second branch in [Published Gulf Bankers - 11 hours ago]
KSE gains 25.08 pts, stems 5-day decline [Published Arab Times - 13 hours ago]
3 lucky KD 5,000 winners in NBK’s Al Jawhara d... [Published Arab Times - 13 hours ago]
Kuwait bourse sheds 30.94 pts; volume up [Published Arab Times - Oct 22 2014]
Kuwait treads water; volume drops sharply [Published Arab Times - Oct 21 2014]
NBK posts $708m net profit for nine months [Published Arab News - Oct 20 2014]
NBK Capital and Gulf Capital Close Funds for Mi... [Published WSJ.com: Private Equity Beat - Oct 20 2014]
Initiative to enhance abilities of students to ... [Published Kuwait News Agency - Oct 20 2014]
Kuwait’s NBK Capital smashes $300m target for F... [Published AltAssets.net - Oct 20 2014]
NBK Capital Closes NBK Capital Equity Partners ... [Published Zawya.com - Oct 20 2014]
Kuwait bourse plunges 22.49 pts; banks weigh [Published Arab Times - Oct 20 2014]
Top three GCC national banks gain in profitabil... [Published Gulf News - Oct 19 2014]
National banks differ on standalone risk profiles [Published Gulf News - Oct 19 2014]
NBK continues its “Be Aware” campaign to raise ... [Published National Bank of Kuwait - Oct 19 2014]
NBK allows its customers to redeem their NBK Re... [Published National Bank of Kuwait - Oct 19 2014]
Will Al Sisi Help Bring Egypt Back On Track? [Published Gulf Business - Oct 19 2014]
Kuwait petchem firm launches $1bn loan [Published Trade Arabia - Oct 18 2014]
Kuwait stocks nosedive amid regional weakness [Published Arab Times - Oct 17 2014]
RLPC-Kuwait's Kufpec launches $1 bln loan-bankers [Published Yahoo! Maktoob News - Oct 16 2014]
Kuwait awards $20.7bn worth of contracts by end... [Published AME Info - Oct 16 2014]
NBK net profit falls 15.6pc to $204.7m [Published Gulf Daily News - Oct 16 2014]
NBK reports net profits of KD 203.9 million – T... [Published Kuwait Times - Oct 15 2014]
NBK net profit falls 15.6% in third quarter [Published Khaleej Times - Oct 15 2014]
NBK reports net profits of USD 708 million for ... [Published Zawya.com - Oct 15 2014]
National Bank of Kuwait Q3 net profit falls 16 pct [Published Yahoo! Maktoob News - Oct 15 2014]
Kuwait's NBK sees Q3 net profit slump by 15% [Published Arabian Business - Oct 15 2014]
National Bank of Kuwait Nine-Month Net Profit U... [Published Zawya.com - Oct 15 2014]
Kuwait measure stems decline, adds 23.63 pts [Published Arab Times - Oct 15 2014]
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NBK Capital and Gulf Capital Close Funds for Mi... [Published WSJ.com: Private Equity Beat - Oct 20 2014]
Bloomberg News/Gilles Ledos It’s a big day for private equity fundraising in the Middle East. Gulf Capital and NBK Capital have closed two of the largest vehicles focused on the Middle East since the global financial crisis rocked major hubs like Dubai, ...
Iraq: A View from the Inside Out [Published Zero Hedge - Jun 25 2014]
Once again, Iraq is in the news. The Western media has interrupted its 24-hour Kardashian coverage to bring stories of fearsome insurgents who appeared from nowhere to launch a relentless offensive toward Baghdad. The past two weeks have been rife ...
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