National Bank of Kuwait (NBK`R)

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News

25 December 2024 11:20 PM NBK’s Weyay Bank unveils service to boost cross-border payments within GCC

Mubasher: Weyay, part of the National Bank of Kuwait (NBK), has launched AFAQ service to endorse bank transfers between the GCC countries while linking the payment systems of the Gulf countries, according to a press release. The new service …

Global Economy

22 December 2024 08:45 PM NBK sponsors Bloom Market to promote sustainability within Kuwaiti community

Mubasher: The National Bank of Kuwait (NBK) sponsored the Bloom Market, a pioneering event held at Al Raya Shopping Center organised by Seeds, which gathered eco-friendly vendors and sustainable brands in one vibrant space, according to a press …

Banking and Finance

1 December 2024 00:28 PM NBK-Egypt’s net profits surge 101% in 9M-24

Cairo – Mubasher: National Bank of Kuwait - Egypt (NBK-Egypt) generated net profits of EGP 5.20 billion in the first nine months (9M) of 2024, an annual leap of 101% from EGP 2.60 billion. Net operating income stood at EGP 9.70 billion as of 30 …

Financial Results

16 September 2024 11:57 AM Nama Chemicals unveils SAR 35.5m loan from NBK

Riyadh – Mubasher: Nama Chemicals Company rescheduled its SAR 35.50 million loan from the National Bank of Kuwait (NBK) on 15 September 2024, according to a bourse disclosure. The existing loan is set to mature on 24 October 2025, while the tenor …

Companies Investments

8 July 2024 00:54 PM NBK seals 5-year deal to deploy Super iPaaS solution in Middle East

Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …

Companies Investments

19 June 2024 03:08 PM National Bank of Egypt signs $1bn syndicated loan; regional, international entities partake -Update

Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …

Global Economy

20 December 2022 03:53 PM Nama Chemicals secures SAR 90m loans from Riyad Bank, NBK

Riyadh – Mubasher: Nama Chemicals Company obtained SAR 90 million facilities from Riyad Bank and the National Bank of Kuwait (NBK) on 19 December 2022, according to a bourse disclosure. The Saudi firm penned a Murabaha facility deal worth SAR 60 …

Sukuk and Islamic Finance

23 August 2022 02:42 PM NBK-Egypt sees 9% higher profits in H1-22

Mubasher: The National Bank of Kuwait-Egypt (NBK-Egypt) reported net earnings of EGP 756.50 million (about KWD 13.80 million) during the first half (H1) of 2022, according to a statement to Boursa Kuwait on Tuesday. This represents a profit rise …

Banking and Finance

3 August 2022 09:17 AM East Pipes Integrated secures SAR 275m loan from NBK

Riyadh – Mubasher: East Pipes Integrated Company for Industry has sealed a Sharia-compliant facility agreement worth SAR 275 million with the National Bank of Kuwait (NBK). The Saudi company obtained the loan to finance the working capital of one …

Banking and Finance

14 December 2021 10:27 AM MIS renews SAR 155m facility with NBK

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has renewed a Sharia-compliant facility worth SAR 155 million with the National Bank of Kuwait (NBK). Valid until 31 August 2022, the facility aims to finance new project contracts …

Companies Investments

24 November 2021 05:23 PM NBK launches Kuwait’s 1st digital bank Weyay

Mubasher: The National Bank of Kuwait (NBK) has launched Weyay to be the first fully digital bank in Kuwait to serve the youth in the state. Weyay aims to enhance NBK’s position in digitising banking services, according to a press release on …

Banking and Finance

13 September 2021 04:54 PM NBK issues $1bn Senior Unsecured notes; first of kind across CEEMEA

Mubasher: The National Bank of Kuwait (NBK) has issued bonds worth $1 billion, marking the first callable structure for senior unsecured notes, fixed to floating, across the Central and Eastern Europe Middle East and Africa (CEEMEA) region. Final …

Banking and Finance

11 October 2020 04:45 PM NBK exercises call option for KWD 125m subordinated bonds

Mubasher: The National Bank of Kuwait (NBK) has obtained the Central Bank of Kuwait’s (CBK) approval to exercise a call option to redeem KWD 125 million bonds at the interest payment date falling on 5 years from the date of issuance of the bonds …

Banking and Finance

6 October 2020 00:16 PM NBK announces the retirement of its Group CFO

Mubasher: The National Bank of Kuwait Group (NBK) announced that its Group Chief Financial Officer (CFO) Jim Murphy is retiring after a 20-year career with the Bank. Murphy plans to step down from his position at NBK as of 31 October 2020, …

Board of Directors

4 October 2020 00:38 PM NBK, KFH ink KWD 1bn credit facility agreement with KPC

Mubasher: The National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have signed a credit facility agreement worth KWD 1 billion with Kuwait Petroleum Corporation (KPC) to fund the KPC's capital expenditure. Under the agreement, the KFH …

Banking and Finance

29 September 2020 09:30 AM Zain KSA signs deal to reschedule SAR 3.85bn Murabaha facility

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) signed an agreement to reschedule its existing five-year syndicated Murabaha facility valued at SAR 3.85 billion maturing on 30 September 2020 (originally SAR 5.9 billion, …

Companies Investments

14 September 2020 10:33 AM MIS extends, amends SAR 84.6m loan with NBK

Riyadh – Mubasher: Al Moammar Information Systems (MIS) Company has amended and extended a Sharia-compliant credit facility agreement with the National Bank of Kuwait (NBK) to finance projects and issue letters of guarantee. The loan is valued at …

Companies Investments

2 September 2020 01:17 PM Fitch affirms NBK’s ratings with stable outlook

Mubasher: Fitch Ratings has affirmed National Bank of Kuwait's (NBK) long-term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook, and the viability rating (VR) at 'a-'. Being Kuwait's flagship bank with a diversified business model, …

Ratings

29 July 2020 10:30 AM NBK posts 47% lower earnings in H1-20

Mubasher: The National Bank of Kuwait (NBK) reported a 46.9% decline in net profit during the first half (H1) of 2020, as shown by the bank’s financial results. The net profit amounted to KWD 111.09 million in the first six months of the year, …

Financial Results

17 May 2020 01:26 PM NBK denies legal action against sale of NBK Egypt

Mubasher: The National Bank of Kuwait (NBK) has denied media reports and rumours circulating on social media platforms that a lawyer has filed a lawsuit in the Egyptian State Council requesting to rescind the sale transaction of the National Bank …

Banking and Finance

7 April 2020 09:53 AM NBK’s exposure to NMC Healthcare tops $91m

Mubasher: The National Bank of Kuwait (NBK) said that it has an exposure to the NMC Healthcare Group worth $91.35 million (KWD 28.18 million). The Kuwaiti lender said that it has no exposure to any subsidiary of NMC, according to a stock exchange …

Banking and Finance

31 March 2020 11:18 AM S&P lowers NBK’s credit rating to ‘A’; outlook stable

Mubasher: Standard & Poor's Ratings (S&P) has downgraded the long-term issuer default rating (IDR) of the National Bank of Kuwait (NBK) to ‘A’ from ‘+A’, with a ‘Stable’ outlook. The rating reflects the lender's strong capacity to meet its …

Ratings

17 March 2020 03:34 PM NBK to distribute dividends on 30 March

Mubasher: The National Bank of Kuwait (NBK) will start on Monday, 30 March 2020, distributing cash dividends and bonus shares as approved by the ordinary general meeting (OGM). The distributions will be to equity holders registered on records at …

Cash Dividends

9 March 2020 09:47 AM Moody’s places ‘Aa3’ rating for NBK’s long-term IDR

Mubasher: Moody’s Investors Service has assigned a rating of ‘Aa3’ for the long-term issuer default rating (IDR) of the National Bank of Kuwait (NBK), with a ‘Stable’ outlook. The rating reflects the bank’s ability to maintain robust performance …

Ratings

7 March 2020 04:16 PM NBK approves distribution of dividends, bonus shares

Mubasher: The annual general meeting (AGM) and extraordinary general meeting (EGM) of the National Bank of Kuwait (NBK) were held on Saturday. With the attendance of 77.86% of the bank’s shareholders, the meeting approved the Board of Directors’ …

Financial Results