- 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 higher operating income and lower net provisions than in the previous…