Kuwait · Delayed Price · Currency is KWD · Price in KWF National Bank of Kuwait S.A.K.P. Earnings Call Transcripts
Fiscal Year 2026
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Net profit rose 3% YoY to KWD 324.8 million in 1H 2026, with strong loan and deposit growth, stable asset quality, and robust fee income. NIM remains under pressure, but capital and liquidity ratios are healthy. Guidance anticipates mid to high single-digit loan growth.
Fiscal Year 2025
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Net profit rose 2.3% year-over-year to KWD 467.4 million, with strong loan growth and lower provisions offsetting higher taxes. NIM declined to 2.45%, and cost-to-income ratio was 37.6%. Full-year loan growth guidance was upgraded, but NIM is expected to remain under pressure.
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Net profit rose 7.8% year-on-year to KWD 315.3 million in 1H 2025, driven by strong loan and investment growth, despite a higher tax rate and NIM compression. Loan growth guidance was upgraded to high single digits, with capital retained for future expansion.
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Net profit for Q1 2025 fell 8.5% year-over-year to KD 134.1 million due to higher taxes, while core operations remained resilient with strong loan and asset growth. NIMs are under pressure from asset mix changes, and the bank maintains robust capital and liquidity positions.
Fiscal Year 2024
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Net profit rose 6% year-over-year to KWD 457 million for the first nine months of 2024, with strong loan and deposit growth, stable asset quality, and robust capital ratios. Full-year NIM is expected to remain steady, and loan growth guidance is mid-single digit, despite ongoing geopolitical uncertainties.
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Net profit grew 6.2% year-over-year in H1 2024, driven by higher interest income, diversified business lines, and robust project activity in Kuwait. The group maintains strong capital and liquidity, with stable NIM and cost-to-income ratios expected for the year.