Barclays’ Wealth and Investment Management’s Q4 2015 Compass report states that the global economy is expected to accelerate over the final quarter of the year, with an increasingly buoyant US private sector at its heart.
Commenting on the Bank's performance and future outlook, Mr. Murad Ali Murad, Chairman of the Board of Directors said, "We are satisfied with our financial results for the nine months of the year.
National Bank of Kuwait reported net profits of $754.5 million KWD 227.9 million for the first nine months of 2015 compared with $675.0 million KWD 203.9 million for the same period in 2014, growing 11.8 per cent year-on-year.
Profits for the first nine months of the year reached SAR 1,128 million, up 202 per cent. Earnings per share rose from SAR 0.93 to SAR 2.82.
Global wealth reached 250 trillion US dollars in 2015, slightly less than a year earlier, due to adverse exchange rate movements.