Half-year profits of 'Kuwait National Bank of Egypt' surged 30% to EGP 3.1 billion
Pre-tax profit recorded 40% growth, reaching EGP 4.5 billion
Ali Ma’arfi: Continuous development based on a confident future vision to keep us among the leading banks
Khaled Al-Salawi: Strong operational performance enabled the bank to consolidate its financial position and ability to withstand changes
The National Bank of Kuwait-Egypt announced strong financial results for the first half of 2026, recording net profits of EGP 3.1 billion for the period ending June 30, 2026, representing a 30% growth compared to EGP 2.4 billion during the same period last year.
In a press release, the bank stated that pre-tax profit grew by 40% to reach EGP 4.5 billion, compared to EGP 3.2 billion during the same period in 2025. Net income from interest also rose by 34% in the first half of this year to reach EGP 5.1 billion, compared to EGP 3.8 billion during the corresponding period last year.
The bank’s total assets increased by 10% to reach EGP 196.7 billion, compared to EGP 178.1 billion at the end of December 2025.
Total customer deposits also grew by 15% to EGP 161.6 billion, compared to EGP 141 billion at the end of 2025, while the total loan portfolio rose by 7% to EGP 93.5 billion, compared to EGP 87.6 billion at the end of 2025.
Commenting on these results, Ali Ma’arfi, Chairman of the Board of Directors of the National Bank of Kuwait-Egypt, affirmed that the strong performance in the first half of this year adds a new achievement to the bank’s track record since the National Bank of Kuwait Group’s acquisition in 2015, within the framework of the relentless pursuit of the group’s objectives and maximizing shareholders’ equity.
He added, “We will continue to build and develop in the coming period, relying on our confident future vision and sound institutional approach, ensuring the bank remains among the leading banks in the Egyptian banking sector.”
Ma’arfi clarified that the bank continued to enhance its positive social impact by launching and implementing numerous corporate social responsibility initiatives, as part of its commitment since commencing operations in the Egyptian market to create a positive impact on society. He noted that these efforts received strong support from bank employees through their participation in volunteer programs, reaffirming the bank’s commitment to continuing financial and moral support for the most vulnerable groups through these initiatives to achieve sustainable community development and reach a more cohesive society.
Political Analysis
Education
Ma’arfi stated, “The recorded indicators reflect the bank’s relentless efforts to achieve excellence in providing the best banking services and products, our commitment to continuous development to serve customers, and our constant pursuit of consolidating our distinguished position in the Egyptian banking sector. We reaffirm our commitment to the principles of sustainability, governance, and social responsibility, driven by our belief that success is measured by the positive and sustainable impact we create in society.”
He concluded his statement by expressing his gratitude and appreciation to the executive management team and all bank employees for their continuous dedication, which played a significant role in achieving the bank’s ambitious aspirations and plans.
For his part, Khaled Al-Salawi, Chief Executive Officer and Managing Director of the National Bank of Kuwait – Egypt, stated that the bank’s strong operational performance has enabled it to consolidate its financial position, enhancing its capacity to navigate economic changes and address various challenges efficiently. He emphasized that the strategy adopted by the bank has proven effective in mitigating risks and achieving notable growth across all performance indicators, amid the rapid developments witnessed by the local and global economies.
He affirmed that the bank’s future outlook remains optimistic, bolstered by ongoing economic reforms and the significant efforts undertaken by the government to enhance economic stability and stimulate investment, thereby contributing to the creation of an enabling environment for the growth of the banking sector and the continuation of its vital role in supporting the national economy.
Al-Salawi praised the pioneering role played by the Central Bank of Egypt in leading digital transformation efforts and fostering financial innovation, which supports the achievement of financial inclusion goals and expands the scope of banking services to encompass various segments of society.
He clarified that the bank continues to launch digital initiatives and solutions that keep pace with technological advancements and meet customer needs, thereby contributing to a more convenient and efficient banking experience. He noted that the bank’s ambitious strategy aims to develop business plans across all sectors, establish clear performance measurement standards, invest in infrastructure and technology, and pursue geographic expansion to ensure the delivery of superior banking services to customers.
Al-Salawi stressed the bank’s steadfast commitment to providing exceptional banking solutions that address diverse customer needs, concluding his statement by noting that the bank is moving forward to strengthen its robust financial position and keep pace with the rapid changes characterizing the banking sector.
