National Bank of Kuwait Net Profit Rises 3.1% to KWD 481.7 Million

National Bank of Kuwait announced a net profit of KWD 481.7 million, or approximately USD 1.6 billion, for the nine months ended September 30, 2026, compared to KWD 467.4 million in the same period of 2025, an increase of 3.1%.

Total assets rose 4.5% to KWD 46.9 billion, or approximately USD 152.4 billion, while loans and advances grew 8.2% to KWD 28.2 billion. Customer deposits increased 13.5% to KWD 27.9 billion, and equity reached KWD 4.6 billion, up 5.1%.

Net operating income grew 3.8% to nearly KWD 1 billion, supported by the performance of core banking activities and the contribution of international operations and the group's subsidiary, Boubyan Bank. The bank opened a new branch in the Qatar Financial Centre and launched the first fully digital loan product in Kuwait.

Hamad Al-Bahar, Chairman of National Bank of Kuwait Group, stated that the results reflect the strength of the business model and the bank's ability to achieve sustainable performance under varying economic conditions, driven by diversified income sources and a strong financial position. He noted that the bank continues to support national and community initiatives.

What do these terms mean?

Net Profit: What remains of revenue after deducting expenses and taxes, serving as an indicator of a company's profitability.

Total Assets: Everything owned by the company, including cash, loans, investments, and property.

Net Operating Income: Income generated from core business activities before deducting non-operating items.

Equity: The shareholders' stake in the company's assets after deducting liabilities.