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12-Apr-2016

NBK says 9-11% loan growth in 2016 is possible

National Bank of Kuwait’s CEO Jassim Al Sager said yesterday, on the sidelines of a conference in Kuwait, that loan growth could be between 9% to 11% in 2016. This is in line with previous guidance from the company. This should be in our view the strongest loan growth amongst Kuwait banks, with NBK benefitting more than peers from government spending. (Bloomberg, Elena Sanchez-Cabezudo)

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