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NBK cuts loan growth outlook despite profit rise
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NBK cuts loan growth outlook despite profit rise
Q1 profit up 1% CEO: ‘Prolonged negative implications’ from war Kuwait economy to shrink 0.6%, says IMF National Bank of Kuwait has lowered its loan growth forecast for the year in the wake of the Iran war but still reported a slight rise in first-quarter profit. Kuwait’s biggest lender said asset quality remained resilient and net profit for the three months to March 31 rose 1 percent year on year to KD135.5 million ($440 million), helped by hi…
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