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Article: NBK Bahrain H1 profit soars to record $89 million.(National Bank of Kuwait - Kingdom of Bahrain)(Brief article)
- Article from:
- Saudi Economic Survey
- Article date:
- September 10, 2009
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National Bank of Kuwait -- Kingdom of Bahrain, a branch of NBK Group, has recorded net profits of BD33.5 million ($88.9 million) in the first half of 2009, compared with BD21.6 million ($57.1 million) in the same period of 2008.
This represents an increase of 55 per cent in net profits over the first six months of 2008. "This strong performance attests to the solid foundations on which the bank was built. NBK Bahrain has been able to sail through the storm gripping global and regional financial markets unscathed, as we have consistently focused on our core business and ways to diversify sources of income," said Ali Fardan, NBK Bahrain general manager.
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