Money and business

“Kuwait National” achieves net profits of $ 158.45 million

  • Falcon: The profits of “National-Bahrain” reflect the success of the group’s strategy in expanding regionally and diversifying sources of income
  • We continue to enhance our digital excellence by offering innovative banking services and products with international standards
  • Verdun: We focus on achieving our strategic goals and continuing our business growth
  • – The bank steps steadily towards enhancing its position in the Bahraini market by providing high -quality banking and financial services

The National Bank of Kuwait- Bahrain announced that it achieved net profits of 59.74 million Bahraini dinars (equivalent to 158.45 million US dollars) in the first half of the year 2025, compared to a net profit of 70 million Bahraini dinars (equivalent to 185.66 million US dollars) achieved by the bank in the same period of the year 2024.

The bank achieved profits before the tax amounting to 70.42 million Bahraini dinars (equivalent to 186.79 million US dollars) during the first six months of the year 2025 compared to 70 million Bahraini dinars (equivalent to 185.66 million US dollars) achieved by the bank in the same period of the year 2024.

The total assets of the National Bank of Kuwait- Bahrain reached 8.48 billion Bahraini dinars (equivalent to 22.50 billion US dollars) at the end of June 2025 compared to 7.15 billion Bahraini dinars (equivalent to 18.96 billion US dollars) in the same period of 2024, while shareholders ’rights increased by 10% to 1.41 billion Bahraini dinars (equivalent to 3.73 billion US dollars), and customer deposits reached at the end of June 2025 about 2.64 billion BD (equivalent to $ 7 billion).

In the context of his comment on the financial results of the bank, the Vice Chairman and CEO of the National Bank of Kuwait Group, Mr. Essam Al-Saqr, said: “The National Bank of Kuwait-Bahrain achieved good profits during the first half of the year 2025 despite the geopolitical tensions that have intensified regionally and globally and its economic repercussions, which reflects the flexibility of our business model and our strong financial position.”

Al -Saqr added: “The profits of the National Bank of Kuwait – Bahrain will be based during the first six months of the year 2025 on the growth of the bank’s operating activity, which we will work to enhance by expanding the scope of our silence and operations in the Bahraini market due to the promising growth and positive prospects of this market.”

He pointed out that the performance of international operations for the National Bank of Kuwait Group had a great role in supporting its profits and its outstanding operational performance during the first half of the year 2025, which confirms the group’s possession of a unique business model, and at the same time demonstrates the success of its strategy in regional expansion with hedging from risks and fluctuations, and the contribution of this strategy in diversifying the sources of income.

Al -Saqr stated that the National Bank of Kuwait Group continued to expand its customer base by offering innovative digital products and services with international standards, and to provide distinguished customer service, while continuing to invest in technology and innovation, to confirm its superiority in providing digital banking services that enhance its sustainable future growth.

For his part, the CEO of the National Bank of Kuwait- Bahrain, Mr. Ali Verdun, said: “The results of the bank confirm in the first half of the year 2025 our focus on achieving strategic goals, continuing the growth of our business, and strengthening our leading position in the Bahraini market, despite the challenges witnessed in the last months.”

Verdan explained that the bank is stepping steadily towards enhancing its position inside Bahrain by providing high -quality banking and financial services to its customers, individuals and institutions, noting that the bank has great capabilities to achieve more growth in the future in the Bahraini market.

Verdun confirmed the success of the National Bank of Kuwait – Bahrain in providing services and products that have contributed effectively to meeting the needs of customers and enriching their banking experience, pointing out that the bank has a professional work team characterized by high experiences and various skills, which contributes to supporting its operations and ensures the quality of the services it provides to customers of all kinds, and supports at the same time the continuation of achieving more growth during the coming financial periods.

Verdun praised the efforts of the Central Bank of Bahrain in particular and government agencies in general that supported the performance of the bank and the Bahraini banking sector, indicating at the same time that the support of the National Bank of Kuwait group contributed to strengthening the performance of the bank in Bahrain, taking advantage of the high credit credit categories and its wide relations network and its leading reputation as one of the best banks in the Middle East and one of the most secure banks in the world.

Related Articles

Back to top button