الرئيس التنفيذي بالوكالة لمجموعة البنك الأهلي الكويتي لـ CNBC عربية: نحو 33 مليون دينار أرباح البنك خلال أول 9 أشهر بنسبة نمو 19%
Category
🗞
NewsTranscript
00:00 The interest rate was from the beginning of the Federal Reserve, the Fed is adjusting
00:07 interest rates.
00:08 Of course, the increase in interest rates is a return to all banks, not just the National
00:14 Bank.
00:15 Of course, I consider it secondary because the interest rate is good to rise and all
00:22 banks benefit from it.
00:24 But I think the main benefit of the bank is the operations.
00:31 Of course, our profits from the operations were very good for the Arab Republic of Egypt
00:38 and the same for the UAE and good for the Kuwaiti state.
00:47 You mentioned that the National Bank is located outside Kuwait in the UAE in the
00:52 Arab Republic of Egypt and we know that many banks operating in the Arab Republic of
00:57 Egypt were affected by the current situation due to the high interest rate.
01:01 How did you get affected and how do you see your future in Egypt?
01:05 I think we have been in Egypt since 2014 when the bank was acquired there and I think
01:13 the strategic plan is to grow and grow in the Arab Republic of Egypt.
01:18 I think the Egyptian market promises.
01:22 Of course, there are some problems, not only in the Republic of Egypt but in all countries
01:28 of the world.
01:29 But we are able to deal with shocks if we say it in a suitable way and at the same time
01:36 we are able to achieve growth in the Arab Republic of Egypt.
01:39 As for Kuwait, I read a while ago that the government's spending this year did not exceed
01:46 10%.
01:48 This is also affecting you because there are big deficits in the government's spending
01:55 in the capital spending.
01:58 No, of course, I think that the government's spending is something that affects the growth
02:04 of all banks.
02:06 When there are projects in the economic infrastructure, infrastructure, you are talking about big projects
02:12 in terms of oil and gas, or in terms of establishing new cities, streets, extensions, and whether
02:19 it is for electricity, gas projects, all these things are important.
02:26 I think there are many projects that are still in a state of failure and I think that many
02:32 banks are looking at when there are agreements to obtain government approval for these projects,
02:39 it will be a very good response for all banks and the people's banks will benefit from it.
02:46 As for the latest increase in capital for the people's bank, 100 million dinars, how do
02:51 you assess this step and its impact on the bank and the capital in the bank?
02:57 Of course, the capital in the bank is about 14% now and the increase in capital gives us
03:04 additional support for growth in the markets where we are located.
03:09 I think that when we increase the capital, we will have expansion plans, and these plans
03:17 will be implemented directly and we will expand in the markets and in the business, or in the
03:27 operations that we like to expand in, and at the same time reduce the risk for the bank.