National Bank of Kuwait reported a net profit of KD 600.1 million for the full year 2024, equivalent to approximately 1.9 billion US dollars, in results announced on 28 January 2025. Net profit rose 7% year-on-year, with earnings per share coming in at 69 fils. NBK's business spans retail, corporate, investment banking and private banking operations across Kuwait and a network of regional and international subsidiaries serving clients from Egypt to London.
EQUITY AND CAPITAL
Shareholders' equity grew to KD 3.9 billion, equivalent to 12.7 billion US dollars, a rise of 5.9% compared with the end of 2023.
The capital adequacy ratio stood at 17.3%.
REGIONAL OPERATIONS AND BALANCE SHEET
NBK noted strong performance across its regional operations in the statement accompanying the full-year results. The group's international network includes operations in Egypt, Saudi Arabia, Bahrain, the UAE and Jordan, as well as offices in major global financial centres.
The bank's total assets rose 7.1% to KD 40.3 billion. Group loans and advances rose 6.4% to KD 23.7 billion and customer deposits increased 4.2% to KD 22.9 billion.