KUWAIT: Boubyan Bank has announced its financial results for H1 of this year, reporting net profit of KD 54.7 million at a growth rate of 5 percent, with an earnings per share of 10.95 Fils. The bank’s operating profits has grown by 8 percent to KD 72.6 million, with its assets reaching KD 10.6 billion at a growth rate of 6 percent compared with last year. The bank’s financing portfolio has grown by 8 percent to KD 8.1 billion. Commenting on the financial results, Boubyan Bank’s Chairman, Abdulaziz Abdullah Dakheel Al-Shaya, stated: “The bank’s H1 results demonstrate the solid foundations of its business model and its ability to maintain a balanced performance despite the geopolitical developments and economic challenges, which have affected all industries, including the banking industry.”
He added: “These results are the outcome of a prudent management approach that focuses on strengthening the financial position and maintaining disciplined risk-management and robust liquidity and capital levels. They are the result of a long-term strategic vision that strikes a balance between sustained growth and capturing unique opportunities, boosting the bank’s ability to continue to add value for shareholders, customers, partners, employees, and the communities where it operates.”
Al-Shaya explained: “The recent affirmation of the bank’s credit rating by Moody’s with a ‘Stable Outlook’ is a new testament to the bank’s resilient creditworthiness, reflecting confidence in its solid financial position and the high-quality of its assets and efficient risk-management, coupled with flexibility in dealing with economic changes and the bank’s ability to sustain good performance.”
“This good performance has been accompanied by continued momentum for the development of products and services and enhancing customer experience across all channels. The bank achieved several milestones, which culminated in receiving local, regional, and international recognitions in a testament to Boubyan’s position and leadership in innovation, digital banking, and Islamic finance.”, he added.
Al-Shaya emphasized: “The Board of Directors is both confident and positive about the upcoming phase, driven by a clear strategy and solid financial foundations, while continuing to reinforce the principles of governance and sound management to strengthen the ability to achieve sustained growth and reinforce the bank’s position as one of the leading banking institutions in Kuwait and the region.”
Adel Al-Majed
Operational continuity
Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, Adel Al-Majed, stated: “Boubyan’s H1 financial results position it firmly as the third largest bank in Kuwait and reflect its robust operational foundation and ability to sustain balanced performance, boosted by diverse growth drivers, robust liquidity…
Read More: Boubyan Bank reports net profits of KD 54.7 million for H1, 2026
