Boubyan Bank, the subsidiary of National Bank of Kuwait (NBK), reported a net profit of KWD29.7mn in 9M16, up 18% Y-o-Y compared to KWD25.2mn in 9M15. Total assets increased to KWD3.5bn in September 2016, an increase of 17% Y-o-Y, customers’ deposits rose 22% Y-o-Y to KWD2.9bn, while total loans picked-up 16% Y-o-Y to KWD2.4bn in 3Q16. Adel Abdul Wahab Al-Majed, the bank’s Vice Chairman and CEO said that Boubyan’s loan market share increased to c.7%, with the retail loan market share at c10%. The bank has 36 branches, compared to 15 branches five years ago. (Kuwait Times)   National Bank of Kuwait: KWD0.58 as of 13 Oct, Rating: Buy, FV: KWD0.77 per share, MCap: USD10,896mn, NBK KK / NBKK.KW