National Bank of Kuwait SAKP 2024 Annual Report with Sustainability Disclosures
The report highlights National Bank of Kuwait's (NBK) strategic progress in 2024, focusing on driving innovation for an inclusive and sustainable financial future. Key achievements include the issuance of its debut USD 500 million Green Bond, becoming the first bank in Kuwait to join the Partnership for Carbon Accounting Financials (PCAF), and launching the youth-centric digital banking solution, Jeel, under Weyay Bank. NBK also advanced its ESG governance by approving a Group-level ESG Policy and initiating alignment with TCFD recommendations. Financially, the bank delivered strong growth with net profits reaching KD 600.1 million, while maintaining a robust capital adequacy ratio of 17.3%.
Company: National Bank of Kuwait SAKP
Sector: Finance & insurance
Country: Kuwait
Year: 2024
Type: Annual Report with Sustainability Disclosures
Pages: 204
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National Bank of Kuwait SAKP
Annual Report
The report highlights National Bank of Kuwait's (NBK) strategic progress in 2024, focusing on driving innovation for an inclusive and sustainable financial future. Key achievements include the issuance of its debut USD 500 million Green Bond, becoming the first bank in Kuwait to join the Partnership for Carbon Accounting Financials (PCAF), and launching the youth-centric digital banking solution, Jeel, under Weyay Bank. NBK also advanced its ESG governance by approving a Group-level ESG Policy and initiating alignment with TCFD recommendations. Financially, the bank delivered strong growth with net profits reaching KD 600.1 million, while maintaining a robust capital adequacy ratio of 17.3%.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Jan 28, 2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Net Zero Target
Employees