LoadingLoading ...

عربي

National Bank of Kuwait

   (NBK.KSE)
Also known as: NBK
Last Trade
1.160KWD
- 1.69%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Updated: Jun 07, 2011
 
 
 
Country

Kuwait

Ownership Type
Company Type
Joint Stock
 
 
 
Zawya Industry Classifications (ZIC)
Sector Industry

Financial Services

 
Principal Activities
Provides commercial banking services including deposits, loans, and credit cards.
 
Date of Establishment Year
1952 (May)
 
No of Employees
5,000 (N/A Company, 5,000 Group, 2,600 Headquarters) (As of Dec 05, 2011)
 
No of ATMs
205
 
Branches
Kuwait (69) Jordan (5) Bahrain (2)
 
Saudi Arabia UAE United States
 
Singapore    
 
Representative Offices
China Vietnam  
 
Stock Market Listing
Exchange Symbol ID Stock Type Currency
Kuwait SE  NBK NBK.KSE Ordinary KWD
 
 
Contact Details
Address:
National Bank of Kuwait Building
Abdullah Al Ahmadi Street
Sharq Area
P.O. Box 95
Kuwait City  Safat 13001
Al Assimah
Kuwait
 
Tel:
+965 2242-2011
 
Fax:
+965 2246-2469
 
Email:
webmaster@nbk.com
 
Website:
www.nbk.com
 
Related Links:
www.nbkswiss.com
www.turkishbank.co.uk

 
 
 M&A Details
 
Acquistion
 
Status
Complete
 
Acquirer
 
Target
 
Announcement Date
05 May 2010
 
Closing Date
05 May 2010
 
 
 Business Overview
National Bank of Kuwait (NBK) provides commercial banking services including deposits, loans, and credit cards, investment banking, asset management , private equity investments and brokerage services directly and through subsidiaries across the MENA region, Turkey, China, Singapore, Vietnam, Switzerland, US and UK.

The Watani Investment CompanyWatani Investment CompanyLoading... (NBK CapitalNBK CapitalLoading...) was established in June 2005 as NBK’s investment management arm. It provides investment advisory services on mergers and acquisitions, initial public offering and underwriting, asset management services including Islamic and conventional fund and wealth management, private equity investment and brokerage services. NBK Capital’s assets under management total KWD1.98 billion (USD7 billion), as of December 31, 2010.

NBK’s total revenues decreased by 8.46% to KWD613.5 million (USD2.16 billion) while net income increased by 13.75% to KWD301 million (USD1.07 billion), in 2010.
 
 
 Major Shareholders  Section Updated: 15Sep11
Name   Type  Country  Holding 
Public   - 100.00% 
 
 
 Foreign Ownership Limits
Section Updated: 01Mar10
Owned Permitted
49%
GCC Nationals
 
49%
Foreigners
 
 
 
 Direct Investments and Related Entities 
Subsidiaries/Associates/Affiliates
Name  Country  Holding 
NBK Banque Privée (Suisse) Switzerland 100.00%
National Bank of Kuwait (International) United Kingdom 100.00%
Watani Holding [NBK Holding Liban] Lebanon 100.00%
Watani Investment Company - NBK Capital Kuwait 99.93%
Al Watany Bank of Egypt Egypt 89.50%
Watani Financial Brokerage Company Kuwait 86.70%
National Bank of Kuwait (Lebanon) [47.30% directly and 38.10% via Watani Holding] Lebanon 85.40%
Credit Bank of Iraq Iraq 75.00%
Boubyan Bank Kuwait 47.29%
Turkish Bank Turkey 40.00%
International Bank of Qatar Qatar 30.00%
International Company for Postal Services Turkey 20.00%
Investments
Name  Country  Holding 
Qualitynet General Trading and Contracting Company Kuwait 10.00%
Shared Electronic Banking Services Company Kuwait 10.00%
Credit Information Network Company Kuwait 6.14%
Intra Investment Company Lebanon 4.00%
Kuwaiti Jordanian Holding Company - Kuwait Kuwait 4.00%
NBK Capital Mezzanine Fund I -
 
 
 Representatives
Auditors
Ernst and Young Al Aiban Al Osaimi and Partners Al Fahad and Company Deloitte and Touche
 
 
 Financial Results  31-Dec-10  31-Dec-11   Yr on Yr 
  KWD'000 KWD'000 change (%)
Total revenues  613,543 535,338 (12.75)
Net profit  301,686 302,406 0.24
Total assets 12,898,944 13,626,848 5.64
Paid-up capital 359,793 395,772 10.00
Shareholders' Equity 2,217,635 2,324,608 4.82
Shares outstanding 3,587,637 3,927,302 9.47
Market capitalization 5,166,198 4,398,578 (14.86)
» View Full Financials