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30-Mar-2016

NBK-Egypt reports EGP575.6 million net profit in 2015, up 53.3% Y-o-Y

National Bank of Kuwait-Egypt (NBK-Egypt), the Egyptian subsidiary of National Bank of Kuwait Group (NBK), reported net profit of EGP575.6 million for 2015, up 53.3% Y-o-Y compared to EGP375.5 million in 2014. Total assets increased 35.7% Y-o-Y to EGP37.6 billion. Customer deposits grew 36.3% Y-o-Y to EGP30.4 billion in 2015, while the loan portfolio reached EGP13.8 billion in 2015, up 37.4% Y-o-Y compared to 2014. (Company disclosure)   National Bank of Kuwait: KWD0.69 as of 29 March 2016, Rating: Buy, FV: KWD0.87 per share, MCap: USD11,591 million, NBK KK / NBKK.KW

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