National Bank of Kuwait Posts KD 467.4 Million Profit for Nine Months

National Bank of Kuwait Posts KD 467.4 Million Profit for Nine Months

Total assets surge 14.7% to KD 44.9 billion amid steady growth across loans, deposits, and equity

National Bank of Kuwait (NBK) announced a net profit of KD 467.4 million ($1.53 billion) for the nine months ending September 30, 2025, reflecting a 2.3% increase from the KD 457.0 million ($1.50 billion) reported in the same period of 2024.

Strong Earnings and Operating Momentum

NBK’s pre-tax profits rose 11.3%, reaching KD 592.5 million ($1.9 billion) compared with KD 532.2 million ($1.7 billion) a year earlier.
The performance underscores the bank’s resilient core operations, diversified income streams, and disciplined cost control, supported by sustained business activity in its home market and abroad.

Broad-Based Balance-Sheet Growth

By the end of September 2025, total assets climbed 14.7% year-on-year to KD 44.9 billion ($147.2 billion).
Loans and advances expanded 12.5% to KD 26.1 billion ($85.4 billion), driven by solid corporate demand and steady retail lending.

Meanwhile, customer deposits increased 9.7% to KD 24.6 billion ($80.6 billion), reflecting healthy liquidity conditions and sustained customer confidence.
Shareholders’ equity advanced 11% to KD 4.4 billion ($14.5 billion), reinforcing NBK’s robust capital position and commitment to long-term value creation.

Outlook

NBK’s continued focus on regional diversification, digital transformation, and risk-adjusted growth positions the group to maintain momentum through the remainder of 2025. Analysts expect earnings stability to persist, supported by Kuwait’s solid banking fundamentals and resilient domestic demand.

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