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The National Bank of Kuwait (NBK) is a Kuwaiti multinational bank headquartered in Kuwait City and established in 1952.[1] It is the largest financial institution in Kuwait.[citation needed] It operates 138 branches across 13 countries, seven of which are in the Middle East.[2] It also offers alternative investments through its NBK Capital subsidiary, which, since its establishment in 2005, has allocated over $91 billion worth of investment banking mandates as of November 2022.[3]
Native name | بنك الكويت الوطني |
|---|---|
| Company type | Public |
| NBK | |
| Industry | Financial services |
| Founded | 1952 |
| Founders | Consortium of Kuwaiti merchants |
| Headquarters | Kuwait City, Kuwait |
Key people | Hamad Mohammed Al Bahar (Chairman) Isam Al Sager (Group CEO) Shaikha Al Bahar (Deputy Group CEO) Salah Al Fulaij (CEO - Kuwait) |
| Products | Credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, wealth management |
| Revenue |  KWD 906.32 million (2021) |
| KWD 547.37 million (2021) | |
| KWD 362.25 million (2021) | |
| Total assets | KWD 33.25 billion (2021) |
Number of employees | 6,058 (2017) |
| Website | www.nbk.com |
Financial performance
editFor the year 2022, the National Bank of Kuwait has posted a net profit of USD 1.7 billion.[4]
References
edit- ^ "National Bank of Kuwait (NBK) | Devex". www.devex.com. Retrieved 2024-01-29.
- ^ "National Bank of Kuwait (NBK) - 50 Most Valuable Banks 2023 - Forbes Lists". Forbes. Retrieved 2024-12-04.
- ^ "National Bank of Kuwait | Company Overview & News". Forbes. Retrieved 2024-01-29.
- ^ Mansoor, Zainab (2023-01-30). "National Bank of Kuwait reports $1.7bn in net profit for 2022". Retrieved 2023-01-31.