The National Bank of Kuwait's profits exceeded analysts' expectations, increasing by 38% to 116 million dinars.
According to Arab Net, the bank attributed the increase in profits to a decrease in impairment losses and an increase in net operating income despite a partial increase in operating expenses.
The bank's general assembly approved the board of directors' recommendation to distribute cash dividends of 30% of the nominal share value (i.e. 30 fils per share) for the results of the fiscal year 2021.
The general assembly also approved a proposal to distribute free bonus shares at the rate of 5%, i.e. 5 shares for every 100 shares
