Al Watany Bank of Egypt (AWB), a subsidiary of National Bank of Kuwait Group (NBK), has reported net profits of EGP259 million ($37.5 million) in the first nine months of the year, up 13.4 per cent year-on-year (YOY).
Al Watany Bank of Egypt (AWB), the subsidiary of National Bank of Kuwait Group (NBK), has posted net profits of EGP173.2 million ($24.7 million) in the first half of 2013, reflecting a 7.3 per cent increase year-on-year.
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An Egyptian court overturned on Wednesday a public prosecutor's decision to freeze the assets of 23 investors and officials, including several from the Gulf, who are under investigation for alleged stock market manipulation
Egypt has frozen the assets of 23 businessmen pending investigations into alleged stock market manipulation during the sale of Egypt's Al-Watany Bank to Kuwait's biggest lender in 2007, a source in the public prosecutor
National Bank of Kuwait (NBK) reported today (March 30) a net profit of EGP312.8 million ($55.4 million) from its Al Watany Bank of Egypt (AWB) operations in 2008 compared to EGP203.3 million in 2007, an increase of 54 per cent.
AlWatany Bank of Egypt, a unit of National Bank of Kuwait (NBK), reported a 129 per cent rise in first-quarter net profit to 101 million Egyptian pounds ($18.9 million), the stock exchange said on Wednesday.
AlWatany Bank, which the Kuwait
National Bank of Kuwait (NBK), the largest bank in Kuwait, on Wednesday said that it has acquired the Al Watany Bank of Egypt (AWB) as part of its regional expansion strategy.
AWB currently runs 26 branches located in different cities in E