Below are the financial statements of National Bank of Kuwait S.a.k.p, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 |
|---|---|---|
| Interest income | 5,838.72a | 5,299.41a |
| Interest expense | -3,334.28a | -2,947.6a |
| Net interest income | 2,504.44a | 2,351.81a |
| Murabaha and other Islamic financing income | 1,508.04a | 1,306.34a |
| Finance cost and distribution to depositors | -831.5a | -720.35a |
| Net income from Islamic financing | 676.54a | 585.99a |
| Net interest income and net income from Islamic financing | 3,180.98a | 2,937.8a |
| Net fees and commissions | 667.59a | 638.12a |
| Net investment income | 74.58a | 89.15a |
| Net gains from dealing in foreign currencies | 133.59a | 117.24a |
| Other operating income | 4.29a | 4.66a |
| Non-interest income | 880.05a | 849.17a |
| Net operating income | 4,061.03a | 3,786.98a |
| Staff expenses | -819.79a | -756.75a |
| Other administrative expenses | -541.49a | -478.23a |
| Depreciation of premises and equipment | -152.25a | -143.83a |
| Amortisation of intangible assets | -5.35a | -5.35a |
| Operating expenses | -1,518.88a | -1,384.16a |
| Operating profit before provision for credit losses and impairment losses | 2,542.15a | 2,402.82a |
| Provision charge for credit losses and impairment losses | -280.64a | -334.53a |
| Operating profit before taxation and directors’ remuneration | 2,261.52a | 2,068.29a |
| Taxation | -186.44a | -156.11a |
| Directors’ remuneration | -2.5a | -2.5a |
| Profit for the year | 2,072.57a | 1,909.68a |
| Attributable to | — | — |
| Shareholders of the bank | 1,947.82a | 1,819.6a |
| Non-controlling interests | 124.76a | 90.08a |
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