National Bank of Kuwait announced on 2 October that had reached agreements to sell its 30% stake in International Bank of Qatar for $538mn, generating a gain of $87mn.
National Bank of Kuwait International
National Bank of Kuwait International plc is a full service UK authorised bank and is a wholly-owned subsidiary of National Bank of Kuwait. NBK International has more than 7,000 customers in London and Paris, mainly from Kuwait and the Gulf states. The bank has a substantial private banking department that serves high net work individuals from the same area, and which specialised in property lending and other real estate services.