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 Oct 23 2014 - Updated Oct 23 2014 - 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 - Oct 23 2014]
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 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 15 2014 - Updated Oct 16 2014 - 3 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 12 2014 - Updated Oct 12 2014 - 1 reports

Markets confused over direction of US Federal Reserve - report

KUWAIT, Oct 12 (KUNA) -- Global markets are unsure over the direction assumed by the US Federal Reserve as clashes over the direction of monetary policy in Europe have also been witnessed, a local financial report suggested on Sunday.The 12-week one-way ... [Published Kuwait News Agency - Oct 12 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 - 1 reports

National Bank of Kuwait says sells Qatar bank stake for $538 mln

North Korea, already under U.N. sanctions, prepares launch site for longer-range rockets: report Reuters - 5 minutes agoRenault aims to reclaim lost ground with minivan turned SUV Reuters - 10 minutes agoAsia spooked by weak global data; Tokyo stocks ... [Published Yahoo! Maktoob News - Oct 02 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."
"Appetite for the deal will be fine, Kufpec is a good name in the Middlethe Middle East and with so few deals coming out of Kuwait, banks have plenty of country exposure left" another banker said. (Editing by Christopher Mangham)
...NBK continued to rationalize its regional presence with focus on growth markets in the GCC. "We recently agreed to sell NBK 's 30% stake in its Qatari associate, International Bank of Qatar (IBQ), as we saw limited opportunity to increase it to a controlling stake. This sale will strengthen our capital position to pursue our regional expansion strategy and benefit from any opportunity in Qatar or any of the other GCC markets. The gain generated from this transaction is not reflected in the results of the current period" Al-Sager highlighted
Raghu Malhotra, President, Middle East and North Africa, MasterCard , said: " NBK has been a key advocate for furthering the adoption of electronic payment solutions in Kuwait and the bank's leadership has shown great support for the country's evolving SME segment. We are delighted to recognize NBK with this award and we look forward to jointly achieving greater milestones in the near future." -Ends-About National Bank of Kuwait (NBK) :

More Content

All (117) | News (108) | Reports (0) | Blogs (2) | Audio/Video (0) | Fact Sheets (7) | Press Releases (0)
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KSE drops further; hits two-month low [Published Arab Times - Oct 28 2014]
NBK Shabab Program welcomes its sixth batch of ... [Published National Bank of Kuwait - Oct 27 2014]
KSE retreats; volume slumps to month’s low [Published Arab Times - Oct 27 2014]
Kuwait bourse gains 35.34 pts; volume up [Published Arab Times - Oct 24 2014]
Kuwait Investment shares jump on KIA plan – Kuw... [Published Kuwait Times - Oct 23 2014]
Kuwait Finance House third quarter net profit f... [Published Gulf News - Oct 23 2014]
CBK approves QNB opening a second branch in [Published Gulf Bankers - Oct 23 2014]
KSE gains 25.08 pts, stems 5-day decline [Published Arab Times - Oct 23 2014]
3 lucky KD 5,000 winners in NBK’s Al Jawhara d... [Published Arab Times - Oct 23 2014]
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]
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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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