National Bank of Kuwait achieved a 45% year-on-year growth in net profit to reach KD136.4 million ($438.9 million) in the third quarter ending September 30, 2022.
According to Arab Net, the bank's net profit increased by 46.9% during the first nine months of 2022, to 374.2 million Kuwaiti dinars (1.2 billion dollars), compared to 254.8 million Kuwaiti dinars (819.9 million dollars) during the same period in 2021.
The total assets of the National Bank of Kuwait as at the end of September 2022 grew by 6.8% on an annual basis, to reach 34.7 billion Kuwaiti dinars (111.7 billion dollars).
Total loans and advances amounted to 20.6 billion Kuwaiti dinars (66.3 billion dollars), an increase of 8.7% year-on-year, and customer deposits increased by 11% to reach 19.3 billion Kuwaiti dinars (62 billion dollars).
Total shareholders' equity amounted to 3.5 billion Kuwaiti dinars ($11.2 billion), an increase of 1.5% on an annual basis.
