Kuwait's NBK says no decision on capital hike

National Bank of Kuwait, the country's largest, is considering raising its capital but has yet to make a decision, the lender said on Sunday.

NBK's statement on the Kuwaiti bourse website came after local daily al-Watan said in an unsourced report that the bank is discussing raising its capital by 20 percent for 700 fils a share. There are 1,000 fils to the dinar. "In relation to increasing the bank's capital, the bank is still discussing this issue and has not made a decision yet," NBK said in the statement. NBK's stock was down 1.79 per cent by 0752 GMT.