National Bank of Kuwait (NBK) was established in 1952. It is the largest financial institution nbk jleeb branch in Kuwait. The National Bank of Kuwait was conceived in 1952. A meeting was held with the Emir of Kuwait, Abdullah Al Salem Al Sabah, who issued an order on 19 May 1952 to establish the National Bank of Kuwait, and NBK began operations on 15 November 1952 through a small branch.
It later became one of the largest banks in the region. NBK reported a net profit of USD 898.7 million (KD 272.4 million) in the first nine months of 2018, a year-on-year growth of 14.3%. NBK has 68 branches in Kuwait and 143 branches worldwide. It has branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore. The bank also has regional presence across the Middle East in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey and UAE.
The group reported net profit after interest of KD 370.7 million compared to KD 322.4 million in 2017, an increase of 15%. Operating profit was KD 606.9 million compared to KD 557.2 million in 2017, an increase of 8.9%. Net interest income and net income from Islamic financing stood at KD 690.5 million, reflecting a 9.8% increase over 2017 (KD 629 million). Total fees and commissions at KD 150.2 million reflected an 8.4% increase over 2017 (KD 138.6 million).
Net gain from dealing in foreign currencies in 2018 was KD 39 million compared to KD 33.7 million in 2017. Operating expenses increased to KD 276.3 million from KD 265.4 million in 2017. % compared to 32.3% in 2017. Provision charge for credit losses and impairment losses was KD 179.7 million compared to KD 188.2 million in 2017. Golden opportunity for you to join National Bank of Kuwait. You can apply based on your education and work experience to job opportunities reported in the organization.
