The National Bank of Kuwait achieved a 25.5% increase in net profit for the fourth quarter of 2022, to reach 134.85 million dinars ($441.91 million), compared to 107.43 million dinars in the same period of 2021.
According to Arabia Net, the National Bank of Kuwait achieved an annual profit of 509.085 million dinars in 2022, an increase of 40.5%, compared to 362.249 million dinars in 2021.
The National Bank of Kuwait recommended distributing 25 fils per share as cash dividends and 5 bonus shares for every 100 shares for 2022.
The National Bank of Kuwait had recorded a net profit in the third quarter of the year, which ended on September 30, 2022, by 136.4 million Kuwaiti dinars ($ 438.9 million), with an annual growth rate of 45%.
The bank’s net profit increased by 46.9% during the first nine months of 2022, to KD 374.2 million ($1.2 billion), compared to KD 254.8 million ($819.9 million) during the same period of 2021.
