The bank said in a statement For the Kuwait Stock Exchange Its net profit amounted to 457.02 million dinars in the first nine months of 2024, compared to 431.1 million dinars in the same period of 2023.
The statement attributed this increase to an increase in net operating revenues and a decrease in the provision for credit losses and impairment losses, indicating in return an increase in operating expenses and taxes.
The statement stated that profits National Bank of Kuwait In the first nine months of 2024, it recorded an increase of about 6 percent to 457 million dinars (equivalent to 1.5 billion dollars), compared to 431.1 million dinars (1.4 billion dollars).
The statement explained that total assets as of the end of September 2024 had increased by 6.3 percent annually to 39.2 billion dinars ($128.5 billion), while total loans and advances increased by about 6.2 percent compared to what they were during the same period last year to reach 23.2 billion dinars ($76.0). billion dollars).
Customer deposits amounted to 22.4 billion dinars ($73.5 billion) until the end of September 2024, rising by 7.1 percent on an annual basis.
