NBK sees Egypt and Saudi as growth markets

Egypt and Saudi are among the markets the National Bank of Kuwait sees growth in, Group Deputy CEO Shaikha Khaled Al Bahar told Bloomberg TV (watch, runtime: 06:56). NBK is the latest foreign bank to see Egypt as a source of growth for its operations. HSBC and Lebanon’s Blom Bank had previously said Egypt is part of their positive outlook for the region. Kuwait’s biggest lender reported a 15.1% increase in its 1Q2019 profits earlier this week, Reuters reported.