7 KUWAITI BANKS ARE AMONG TOP 50 GULF BANKS, WITH A $236 BILLION ASSET BASE

  • 02/08/2022

Kuwait City: MEED" magazine revealed the presence of 7 Kuwaiti banks in the list of "MEED's 50 largest Gulf banks in terms of assets", with the total assets of the seven banks amounting to 235.9 billion dollars, noting that the strong liquidity, increasing Profits and high interest rates, have helped to boost Optimism among Gulf banks after they passed a difficult period due to the Corona pandemic.


The National Bank of Kuwait topped the Kuwaiti banks and occupied the 6th place in the Gulf within the “MEED” list, with total assets of $90.31 billion, and operating income of about $2.92 billion, while the Kuwait Finance House “KFH” ranked second locally and 11th in the Gulf. With total assets of $58.51 billion, and operating income of $2.45 billion.

Burgan Bank ranked third and 28 in the Gulf, with assets of $24.7 billion and operating income of $821 million. Fourth and 31 in the Gulf, Gulf Bank came with assets of $19.81 billion and operating income of $640 million.

While Al Ahli Bank of Kuwait came in fifth locally and 34 in the Gulf, with assets amounting to 14.97 billion dollars and operating incomes amounting to 556 million dollars. Sixth, and in the 35th place in the Gulf, the Commercial Bank of Kuwait came in with assets amounting to 14.71 billion dollars and operating incomes amounting to 497 million dollars, and seventh and in the 40th place in the Gulf region. Ahli United Bank with assets of $12.88 billion and operating income of $400 million.

At the Gulf level, Qatar National Bank ranked first on the list, with assets amounting to $236.81 billion, and operating income of $6.74 billion.

Related News

Fahd Al-Yousef Leads Major Crackdown in Jleeb Al-Shuyoukh: " ...
  • 20/04/2025
Two New Private Jet Companies Approved in Kuwait Amid Rising ...
  • 20/04/2025
Kuwaiti Doctors Successfully Implant Coronary Stents Using L ...
  • 19/04/2025
Kuwait Suspends All Online Charitable Donation Campaigns
  • 19/04/2025
Al-Ajari Scientific Center: "Sarayat" Continues with Rain Ex ...
  • 18/04/2025
Kuwait Enhances Academic Verification for Healthcare Profess ...
  • 18/04/2025
Ministry of Islamic Affairs Cancels Electricity Rationalizat ...
  • 17/04/2025
Illegal Resident Arrested with 1,500 Bottles of Imported Alc ...
  • 17/04/2025
Red Bull Aviation Challenge Returns to Kuwait After 13 Years
  • 16/04/2025
Minor Earthquake Recorded Northeast of Kuwait
  • 14/04/2025
Meteorology Warns of Dust Storms and Storm-Level Winds Start ...
  • 14/04/2025
Municipality Approves Transfer of Workers' Cities Allocation ...
  • 14/04/2025