Net Profit Growth of 5%, with Earnings per Share of 10.95 Fils

 

Boubyan Bank Reports Net Profits of KD 54.7 Million for H1, 2026

 

Total Assets grew by 6% to KD 10.6 Billion

 

Abdulaziz Al-Shaya:
•    Solid Financial Foundations Strengthened the Bank’s Ability to Achieve Balanced Performance Despite Challenges

 

•    We Approach the Next Phase with Confidence with Sustained Growth

Adel Al-Majed:
•    Financial Indicators Demonstrate High Resilience and Adaptability to All Conditions

 

•    We Continue to Invest in Digital Infrastructure for Enhanced Efficiency and Sustained Performance

 

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%, with an earnings per share of 10.95 Fils. The bank’s operating profits has grown by 8% to KD 72.6 million, with its assets reaching KD 10.6 billion at a growth rate of 6% compared with last year. The bank’s financing portfolio has grown by 8% to KD 8.1 billion.

Commenting on the financial results, Boubyan Bank’s Chairman, Mr. 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.”

 

** Operational Continuity
Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, Mr. 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 levels, and growing operational efficiency. The bank’s firm resilience enabled it to adapt to evolving conditions, ensure business continuity, and continue to invest in the development of banking services and solutions that meet customer expectations and keep up with customers’ evolving needs.”

 

He added: “The bank has succeeded over the past period to strengthen its operational capabilities and digital infrastructure to reinforce business continuity and enhance services offered to customers. Investment in technology is no longer an optional enhancement; rather, it has become an indispensable pillar to support sustainable growth, boost efficiency, and offer quick, seamless, and flexible banking experience.”

 

Al-Majed explained: “The launch of ‘Boubyan AI Transformation’ program is a significant milestone in the bank’s journey towards enterprise-wide AI transformation, building on continued investments in advanced digital infrastructure, and enhancing institutional capabilities to empower the bank’s transformation towards a new phase of a multi-year enterprise roadmap to leverage AI.”

 

“The program covers more than 30 AI domains and strategic initiatives, focused on enhancing the customer experience, empowering human cadres, improving operational efficiency, and accelerating innovation to boost the bank’s ability to create long-term value and make the bank future-ready for the next phase of the banking industry.”, he added.

 

Al-Majed concluded: “Boubyan Bank will continue to focus on key drivers of growth, improve operational efficiency, and to invest in innovation, technology, and human cadres to reinforce the bank’s ability to maintain sustainable performance, increase its competitiveness, and strengthen its position as a bank capable of adapting to evolving conditions and creating new growth opportunities.”

 

** Entrepreneurship Support
During H1 of this year, Boubyan continued to support entrepreneurship through its “Empower by Boubyan” initiative. The bank held a number of discussions and mentorship sessions where members of the initiative’s advisory council met with select technology startups participating in the program for exchange of expertise and discussion of challenges and opportunities facing entrepreneurs.

 

These sessions were among the key pillars of the initiative, particularly “Guidance and Mentorship”. This reflects the bank’s focus on offering practical support beyond traditional financing solutions, empowering technology startups to enhance their business models and improve their readiness for growth and sustainability. This is done through panel discussions addressing a number of topics associated with growth management, building teams, and decision-taking in evolving business environments and sustained projects. 

 

** Prestigious Awards... Institutional Excellence
Boubyan strengthened its international presence as it has been recognized with three prestigious awards from Global Finance as part of its “2026 Best Islamic Financial Institutions Awards”. This included the awards for “Best Islamic Bank for Transaction Banking”, “Most Innovative Islamic Bank”, and “Best Islamic Retail Bank”. These awards demonstrate the success of the bank’s strategy in developing an Islamic banking model combining innovation, operational efficiency, and excellence in offering financial services.

 

** ESG: Driving Growth 
Boubyan published its 2025 Sustainability Report under the theme “Embedding ESG: Driving Responsible Growth”, which reviewed the progress made by the group in implementing its sustainability strategy, including its achievements across ESG, innovation, enterprise resilience, and empowering human cadres, demonstrating the bank’s commitment to creating a sustainable value that is aligned with Kuwait Vision 2035 and the UN Sustainable Development Goals (SDGs).

 

** Investing in National Cadres
Boubyan is keen on investing in human cadres and developing national talents through the launch of summer training programs focused on university students. The bank organizes specialized workshops and lectures in collaboration with a number of universities and academic institutions, aiming at enhancing the readiness of the youth to join the job market, and equipping them with the skills and knowledge that build a sustainable career. This demonstrates the bank’s commitment to preparing qualified national cadres, who can keep up with the evolving landscape in the financial industry.