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National Bank of Kuwait (NBK), the Gulf country's largest lender, posted a net profit of 134 million dinars ($437 million) in Q1 2023, up 15% year-on-year (YoY) due to higher net interest income, that was partly offset by higher operating expenses and higher impairment charges.
The result was in line with analysts' average estimate, according to Refinitiv data.
In a regulatory statement on the Kuwait stock exchange on Tuesday, NBK said operating revenue was KWD277.9 million versus KWD234.6 million in the year-ago period.
(Reporting by Brinda Darasha; editing by Seban Scaria)
