National Bank of Kuwait-Bahrain (NBK Bahrain) has reported net profits of BHD 54.84 million ($145 million) for H1 2022, compared BHD 60.24 million for the same period in 2021.
As of end of June 2022, NBK-Bahrain’s total assets stood at BHD 7.05 billion compared with BHD 7.13 billion for the same period in 2021.
Total shareholders’ equity increased by 10 percent y-o-y to BHD 1 billion, whereas customer deposits increased by 68 percent y-o-y to BHD 3.080 billion compared with BHD 1.829 billion for the same period of previous year.
Isam Al-Sager, NBK Group Vice-Chairman and Chief Executive Officer, said, “National Bank of Kuwait – Bahrain realized good profits despite the continuing challenges prevailing in the operating environment due to the global economic concerns resulting from geopolitical tensions combined with the soaring inflation.”
Al-Sager emphasized that NBK-Bahrain continues to consolidate its position in the Bahraini market, which is one of the key growth markets for NBK Group.