54.7 million dinars in 'Bubiyan' profits during the first half

Boubyan Bank announced its financial results for the first half of the current year, reporting net profits of 54.7 million Kuwaiti Dinars, representing a 5% growth rate and earnings per share of 10.95 fils. Operating profits reached 72.6 million Kuwaiti Dinars, up by 8%, while the bank’s total assets amounted to 10.6 billion Kuwaiti Dinars, reflecting a 6% increase compared to the previous year. The financing portfolio also grew by 8% to reach 8.1 billion Kuwaiti Dinars.

Commenting on the financial results, Abdulaziz Al-Shaikh, Chairman of the Board of Directors at Boubyan Bank, stated that the results achieved during the first half of the year reflect the strength of the foundations underpinning the bank’s business model and its ability to continue delivering balanced performance despite the geopolitical developments and economic challenges witnessed in the region, which impacted various sectors, including banking.

He added that these results are the fruit of a prudent management approach focused on strengthening the financial position, maintaining discipline in risk management, and preserving strong levels of liquidity and capital, alongside adopting a long-term strategic vision that balances sustainable growth with seizing specific opportunities. This strategy supports the bank’s ability to continue creating added value for shareholders, customers, partners, employees, and the communities in which it operates.

Al-Shaikh clarified that the recent reaffirmation of the bank’s credit rating by global agency Moody’s, with a stable outlook, serves as further confirmation of its creditworthiness resilience. It reflects confidence in the strength of its financial position, the quality of its assets, and the efficiency of its risk management, as well as its flexibility in dealing with economic changes and its ability to maintain performance sustainability.

He noted that this strong performance was accompanied by continued momentum in developing products and services, enhancing the customer experience across various channels, and achieving several local, regional, and global accolades that reflect Boubyan’s position and leadership in innovation, digital banking, and Islamic finance.

Al-Shaikh affirmed that the Board of Directors looks forward to the coming period with confidence and optimism, relying on a clear strategy and solid financial foundations, while continuing to reinforce principles of governance and prudent management. This ensures the ability to achieve sustainable growth and consolidate its position as one of the leading Islamic banking institutions in Kuwait and the region.

For his part, Adel Al-Majed, Vice Chairman and CEO of Boubyan Group, stated that the financial results achieved during the first half of the year reinforce the bank’s position as the third-largest bank in Kuwait. They reflect the strength of its operational base and its ability to continue delivering balanced performance, supported by diverse growth drivers, strong liquidity levels, and growing operational efficiency, alongside high flexibility that enabled it to adapt to various circumstances and ensure business continuity. He emphasized the bank’s investment in developing services and banking solutions that meet customer aspirations and keep pace with their changing needs.

He added that the bank has continued to strengthen its operational capabilities and digital infrastructure to support business continuity and elevate the quality of services provided to customers. He pointed out that investment in technology is no longer just a developmental option but has become a key pillar for supporting sustainable growth, enhancing efficiency, and delivering faster, easier, and more flexible banking experiences.

Al-Majed explained that the launch of the Boubyan AI Transformation Program marks an important milestone in the bank’s journey toward institutional transformation in artificial intelligence. It is a natural extension of continuous investments in building advanced digital infrastructure and developing institutional capabilities, enabling the bank to transition to a new stage of AI utilization within a clear, multi-year roadmap.

He noted that the program is based on more than 30 strategic areas and initiatives aimed at developing the customer experience, empowering human capital, enhancing operational efficiency, and accelerating the pace of innovation. These efforts strengthen the bank’s ability to create long-term value and consolidate its readiness for the future of the banking sector.

Al-Majed concluded by affirming that Boubyan Bank will continue to focus on key growth drivers, enhance operational efficiency, and invest in innovation, technology, and human resources. This will support its ability to deliver sustainable performance, enhance its competitiveness, and consolidate its position as a bank capable of keeping pace with changes and creating new growth opportunities.

**Supporting the Entrepreneurship Ecosystem**

During the first half of the year, Boubyan continued to support the entrepreneurship ecosystem through the “Empower by Boubyan” initiative. This involved organizing a series of discussion panels and mentoring sessions that brought together members of the initiative’s advisory board with a select group of participating tech startups. The goal was to exchange expertise and discuss the challenges and opportunities facing entrepreneurs.

These sessions align with the initiative’s pillar of mentoring and guidance, reflecting the bank’s approach to providing practical support that goes beyond traditional financing solutions. This support helps tech startups develop their business models and enhance their readiness for growth and sustainability through discussions on topics such as growth management, team building, decision-making in changing business environments, and project sustainability.

**Sustainability as a Growth Pillar**

Boubyan issued its 2025 Sustainability Report, titled “Consolidating Institutional Sustainability Practices: A Fundamental Pillar for Growth.” The report highlighted progress in implementing the group’s sustainability strategy, including achievements in environmental, social, and corporate governance (ESG), innovation, institutional resilience, and human capital empowerment. It reflects the bank’s commitment to creating sustainable value aligned with Kuwait Vision 2035 and the United Nations Sustainable Development Goals.

**National Talent**

Boubyan places great emphasis on investing in human capital and developing national talent. This is demonstrated through its summer training programs for university students, as well as specialized workshops and lectures conducted in collaboration with various universities and academic institutions. These initiatives aim to enhance youth readiness for the labor market and equip them with the skills and knowledge necessary to build sustainable career paths, reaffirming its commitment to preparing qualified national talent to keep pace with the rapid changes in the financial sector.

**Strong Presence**

Boubyan has consolidated its presence in the regional and local economic landscape by featuring in the Middle East’s Top 100 Listed Companies by Market Capitalization, Assets, and Net Profit for 2026, as published by Forbes Magazine. The bank ranked third locally among Kuwaiti banks and 52nd regionally, moving up nine positions compared to last year’s ranking.

**Global Practices**

Reaffirming its commitment to applying global best practices in quality management, the bank obtained the ISO 9001 certification for Quality Management Systems. This achievement follows a year of institutional development that culminated last year with the integrated implementation of the ISO 21500 standards for corporate project management and execution.

**First Half Indicators**

* 8% growth in operating profits to 72.6 million Kuwaiti Dinars

* 5% growth in net profit for the period to 54.7 million Kuwaiti Dinars

* 8% growth in the financing portfolio to 8.09 billion Kuwaiti Dinars

* 6% growth in total assets to 10.59 billion Kuwaiti Dinars

* 7% growth in customer deposits to 8.42 billion Kuwaiti Dinars