News: Al Watany Bank of Egypt (WATA.CA)

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Sun, Nov 9 2008

UPDATE 1-Egypt's AlWatany 9-month net up 29 percent

* NBK unit's net profit up to 290.6 mln Egyptian pounds

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Egypt's AlWatany 9-month net up 29 percent

CAIRO, Nov 9 (Reuters) - AlWatany Bank of Egypt , a

UPDATE 1-Kuwait's NBK Q3 down as bourse slides

KUWAIT, Oct 13 (Reuters) - National Bank of Kuwait (NBK), the country's largest bank by assets, posted a 9.9 percent fall in third-quarter net profit, as a slide among Gulf stock markets hurt investment income.

Egypt's Naeem says first-half profit down 25 pct

CAIRO, Aug 14 (Reuters) - Naeem Holding , Egypt's second-largest publicly traded investment bank, said on Thursday its first-half profit fell 25 percent to $16.5 million.

UPDATE 2-Egypt's CIB beats forecasts with record Q2 income

CAIRO, Aug 13 (Reuters) - Commercial International Bank , Egypt's largest lender by market value, posted a record profit in the second quarter, beating analysts' expectations, as income from interest surged.

UPDATE 1-AlWatany Bank's H1 profit at record on loan growth

CAIRO, Aug 7 (Reuters) - AlWatany Bank , Egypt's third largest lender by market value, posted a record first half profit on Thursday as loans surged, and said it could sustain the pace of growth as it introduces new products.

AlWatany Bank's H1 net profit up 37.6 pct

CAIRO, Aug 7 (Reuters) - AlWatany Bank of Egypt , a unit of National Bank of Kuwait (NBK) , posted a 37.6 percent rise on Thursday in net profit for the first half of 2008 to 201.8 million Egyptian pounds ($38 million), Egypt's stock exchange said.

UPDATE 2-Kuwait Gulf Bank warns of slower 2008 growth

KUWAIT, July 20 (Reuters) - Kuwait's Gulf Bank said it expected 2008 net profit growth to be much slower than last year after a 41 percent second-quarter fall due to debt write-offs, slow consumer lending and difficult global markets.

UPDATE 2-Kuwait NBK's Q2 net soars despite lending curbs

KUWAIT, July 9 (Reuters) - National Bank of Kuwait boosted second-quarter net profit by almost 16 percent as it grew abroad, putting it on track for its 2008 goal of 15 percent net growth despite tougher consumer lending rules.

UPDATE 4-Egypt cancels state bank auction, cites low bids

CAIRO, June 25 (Reuters) - Egypt cancelled the auction of a stake in its third-largest bank on Wednesday saying bids were too low, rejecting a National Bank of Greece offer valuing it at $2.025 billion.

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