National Bank of Kuwait reported earnings results for the fourth quarter and full year ended December 2014. For the quarter, net profit jumped 45.1% on the improved business environment in the oil-rich Gulf state. Net profit rose to KD 57.9 million from KD 39.9 million a year earlier.

Full-year net profit rose 10% to KD 261.8 million from KD 238.1 million. The company earned KD 87 million from the sale of its 30% stake in International Bank of Qatar in October but the bank said the returns were not included in 2014 results. The earnings per share (EPS) reached 56 fils, against 51 fils a year ago. Net operating income reached $2.26 billion in 2014 (KD 661 million) up from $2.14 billion in 2013 (KD 626 million) up 5.6% a year on year.