Cairo – Mubasher: National Bank of Kuwait of Egypt (NBK) on Thursday reported a 77% year-on-year surge in standalone profits for 2017.
Net profit totalled EGP 1.5 billion last year, compared to EGP 848.9 million at the end of 2016, the bank said in a filing to the Egyptian Exchange (EGX).
Revenues stood at EGP 5.52 billion in 2017, up from EGP 3.75 billion a year earlier.
Given that NBK Egypt had achieved profits of EGP 433.8 million in the third quarter of 2017, versus EGP 252.2 million profits in Q3-16.
