National Bank of Kuwait-Egypt (NBK-E) reported net profits of EGP 284 million (US$36.2 million)for the first half of 2015 compared with EGP 177.7 million for the same period in 2014, growing at 59.8% year-on-year. Total assets as of end-June 2015 grew 43.2% year-on-year reaching EGP 33.8 billion compared to EGP 23.6 billion as of end-June 2014, while customer deposits grew by 39.7% during the same period to reach EGP 28.5 billion compared to EGP 20.4 billion in 2014. Isam Al-Sager, Group Chief Executive Officer and NBK-Egypt Chairman, said "The solid growth achieved affirms NBK-Egypt's successful strategy in better-positioning itself in the Egyptian market, offering best-in-class products and services to its customers. This is also a testimony to NBK Group's successful regional expansion strategy where Egypt is one of its main pillars considering the strong outlook and promising growth opportunities that the Egyptian market offers".
