NBK to open branches in Saudi Arabia, Egypt
National Bank of Kuwait is looking to open branches in Saudi Arabia and Egypt. NBK said it will have branches in Riyadh and Dammam by the end of 2018. It opened its first branch in Saudi Arabia in 2006. The bank’s Egyptian unit also aims to have 60 branches by 2020, up from 43 currently. NBK is also considering opening branches in India and Germany. The bank feels Egypt is a growth opportunity as the country is recovering from a period of instability.