Answered step by step
Verified Expert Solution
Question
1 Approved Answer
It's about national bank of kuwait group please help me answer all parts of the question in your words a) What is the company's industry?
It's about national bank of kuwait group
please help me answer all parts of the question in your words
a) What is the company's industry? b) Name at least two competitors for the company. c) How much was the Cash account balance as at December 31, 2019? d) List the biggest asset with its amount for the company as at December 31, 2019. National Bank of Kuwait Group CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at 31 December 2019 2019 KD 000's 2018 KD 0005 Notes 11 13 13 3,787,173 823,229 662,175 1,909,081 Assets Cash and short term funds Central Bank of Kuwait bonds Kuwait Government treasury bonds Deposits with banks Loans, advances and Islamic financing to customers Investment securities Investment in associates Land, premises and equipment Goodwill and other intangible assets Other assets 16,352 598 12 13 14 24 15 16 4,214,562 35.297 433,340 $82,927 270,171 2,966,707 809,871 872,042 2,364,242 15,503.402 3,678,032 31,423 362,801 578,973 260,445 27,427,940 Total assets 29.270,753 7,581,929 15.930,577 538,611 227,159 124,801 608,516 8,090,484 14,388,836 451,128 220,124 124,768 451,290 17 18 19 25,011,593 23,726,630 Liabilities Due to banks and other financial institutions Customer deposits Certificates of deposit issued Global medium term notes Subordinated Tier 2 bonds Other liabilities Total liabilities Equity Share capital Proposed bonus shares Statutory reserve Share premium account Treasury shares Treasury share reserve Other reserves Equity attributable to shareholders of the Bank Perpetual Tier 1 Capital Securities Non-controlling interests Total equity Total liabilities and equity 20 21 20 20 20 20 20 652,399 32,620 326,199 803,028 (39,258) 25.115 1,633,641 621,332 31,067 310,666 803,028 (65.425) 14,010 1,448,579 3.163.257 210,700 327,353 3,701,310 22 26 3,433,744 438,438 386,978 4,259.160 29,270,753 27,427,940 I sam asy Nasser Musaed Abdullah Al-Sayer Chairman Isam J. Al Sager Group Chief Executive Officer The attached notes 1 to 32 form part of these consolidated financial statements 10Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started