National Bank of Kuwait - Egypt Reports Net Profit of 6.5 Billion Egyptian Pounds (Equivalent to 40 Million KD) in First Nine Months of 2026

National Bank of Kuwait – Egypt reported net profits of approximately 6.5 billion Egyptian pounds (equivalent to 40 million Kuwaiti dinars) during the first nine months of 2026.

Net operating income rose to around 13.2 billion Egyptian pounds for the nine-month period ended September 30, 2026, up from 11.8 billion Egyptian pounds in the same period of 2025, representing a growth rate of 11.4%. Net income from interest also increased to 11.2 billion Egyptian pounds by the end of last September, compared to 10.2 billion Egyptian pounds in the corresponding period of 2025, reflecting a 9.5% growth rate.

Net income from non-interest activities grew by approximately 23% year-on-year, reaching 2.03 billion Egyptian pounds during the first nine months of 2026, compared to 1.64 billion Egyptian pounds in the same period of 2025. Meanwhile, profits from financial investments reached 77 million Egyptian pounds by the end of the third quarter of 2026, up from 38 million Egyptian pounds in the corresponding nine-month period of 2025, marking a growth rate of 104%. On the other hand, the cost-to-net operating income ratio stood at 26.8% by the end of the third quarter of 2026.

Total bank assets grew to approximately 280 billion Egyptian pounds by the end of the first nine months of 2026, compared to around 225 billion Egyptian pounds at the end of 2025, representing a 25% growth rate. Net loans and facilities to banks and customers amounted to approximately 150 billion Egyptian pounds by the end of the third quarter of 2026, up from 121 billion Egyptian pounds at the end of 2025, a 24% increase. Customer deposits rose to 212 billion Egyptian pounds by the end of the third quarter of 2026, compared to approximately 180 billion Egyptian pounds at the end of 2025, reflecting a growth rate of approximately 18%. The ratio of net income from fees and commissions to net operating income increased to 11.9% by the end of the third quarter of 2026, compared to 11.3% in the same period of 2025. Meanwhile, the return on average assets stood at 3.4% by the end of the third quarter of 2026, and the return on average equity reached 26.4%.

Commenting on the business results, Sheikhha Al-Bahar, Deputy Chief Executive Officer of the National Bank of Kuwait Group and Chairwoman of the Board of Directors of National Bank of Kuwait – Egypt, stated: “The strong growth in operating profits and the business results of ‘NBK – Egypt’ during the third quarter of this year further demonstrate the strength of our financial position and the resilience of our business model, which is capable of generating profits and achieving sustainable growth despite local and regional operational challenges.” She emphasized that the results achieved by the bank during the first nine months of the year reflect its success in capitalizing on available market opportunities and continuing to achieve balanced growth across its various activities, supported by a strong capital base and established operational policies that have enhanced its ability to deliver sustainable value to both shareholders and customers.

Al-Bahar added: “National Bank of Kuwait – Egypt continues to consolidate its position as one of the leading banks operating in the Egyptian market. The growth rates achieved by the bank reflect the efficiency of its strategy and its ability to keep pace with economic changes and capitalize on opportunities available in the market.”

She noted that the bank’s positive results translate the strategic vision of the National Bank of Kuwait Group toward the Egyptian market since its entry in 2007, highlighting that Egypt represents one of the group’s most important strategic markets and a key driver of future growth, given its strong economic fundamentals and promising investment opportunities.

Al-Bahr clarified that National Bank of Kuwait – Egypt continues to strengthen its presence within the Egyptian banking sector and develop its services and products, keeping pace with growing customer needs and enhancing its competitiveness. She emphasized that the bank is steadily progressing toward achieving its strategic objectives and increasing its market share.

She noted that the continued economic reform efforts led by the Egyptian government contribute to supporting the business environment and creating more opportunities for growth and investment, expressing her confidence in the future prospects of the Egyptian economy.

For his part, Yasser Al-Tayeb, Vice Chairman, Chief Executive Officer, and Managing Director of National Bank of Kuwait – Egypt, stated: “The bank’s financial results for the third quarter of 2026 clearly reflect its ability to continue delivering strong business performance despite the significant challenges facing the business community due to geopolitical events in the region, which have cast a shadow over the local and regional economic landscape.”

Al-Tayeb pointed out that National Bank of Kuwait – Egypt’s business growth is balanced across all business activities, while maintaining efficiency rates and risk levels appropriate for achieving both growth and business sustainability. This is thanks to the bank’s prudent policies and its sound business model, which is fully flexible in meeting customer needs.

He added that most of National Bank of Kuwait – Egypt’s income sources stem from credit operations through the corporate sector, alongside the retail banking sector, whose role has grown significantly, especially in recent years. The bank’s credit portfolio features a wide diversity of clients, including large, medium, and small enterprises. Similarly, the retail banking portfolio encompasses various customer segments, reflecting the strength and diversification of the bank’s income sources.

Al-Tayeb affirmed that the bank aims to further strengthen its position in the retail banking sector in the coming period by offering advanced services and products tailored to different customer segments, thereby establishing the concept of a comprehensive bank that meets all their financial requirements and needs. The bank also seeks to enhance its Islamic banking services to cater to a broad segment of its customers, continuously developing the products offered to them. National Bank of Kuwait – Egypt is among the leading banks in the Egyptian market providing both Islamic and traditional banking services and products.

Al-Tayeb explained that the bank consistently keeps pace with rapid technological developments in banking services and does not hesitate to invest heavily in this field to deliver unique digital banking experiences for customers across all segments. This enables them to conduct most of their banking transactions wherever and whenever they wish. Furthermore, the bank generally encourages customers to expand their use of electronic payment methods and channels, in line with the general policies of the state and the Central Bank of Egypt in this regard.

Al-Tayeb noted that National Bank of Kuwait – Egypt is working diligently to support and back the global trend toward sustainable finance and the transition to a green economy, backing all environmentally friendly projects that promote sustainability, rely more heavily on renewable energy, and explore available solutions to mitigate the negative impacts of climate change and reduce carbon emissions. He emphasized that sustainable finance has become one of the most important means and tools for supporting and maintaining long-term financial stability.