NBK profit falls 5% after corporate tax impact

Net profit of the National Bank of Kuwait (NBK), the Gulf state’s largest financial institution, fell 5 percent year on year in 2025 following the introduction of 15 percent corporate tax last year.

The bottom line declined to KD576 million ($1.9 million) in 2025, compared with KD600 million a year ago, the lender said in a statement.

Total assets rose by 13 percent to KD46 billion, while customer loans and advances increased by 13 percent to KD27 billion by the end of December.

Customer deposits climbed by 14 percent to KD26…