São Paulo – The National Bank of Kuwait posted a net profit of US$ 321.5 million in quarter one this year. The sum is up 15% from quarter one of 2014. The bank released the information in a statement last Monday (13th).
According to the statement, the result comprises the US$ 75 million sale of the bank’s stake in the International Bank of Qatar.
As of late March, the National Bank of Kuwait had total assets amounting to US$ 77.7 billion, up 13.8% from March 2014, and total shareholder equity was up 5.3% to US$ 8.7 billion.
*Translated by Gabriel Pomerancblum
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