JEDDAH, 4 February 2005 — National Bank of Kuwait (NBK), described as the largest Kuwaiti bank and the top-rated Arab bank, has reported another record net profit of $515 million for 2004, up 24 percent from 2003. The results put NBK’s return on equity at 29.9 percent and its return on assets at 2.73 percent, among the highest worldwide.