Kuwait National Bank of Egypt's profits rise 30% to EGP 3.1 billion

Kuwait National Bank – Egypt achieved strong financial results during the first half of 2026, recording net profits of EGP 3.1 billion for the period ended June 30, 2026, representing a 30% growth compared to EGP 2.4 billion in the same period last year. Pre-tax profits grew by 40% to reach EGP 4.5 billion, up from EGP 3.2 billion in the corresponding period of 2025. Net income from interest also rose by 34% in the first half of the current year to EGP 5.1 billion, compared to EGP 3.8 billion in the same period last year.

Total bank assets increased by 10% to EGP 196.7 billion, compared to EGP 178.1 billion at the end of December 2025. Total customer deposits grew by 15% to EGP 161.6 billion, up from EGP 141 billion at the end of 2025, while the total loan portfolio rose by 7% to EGP 93.5 billion, compared to EGP 87.6 billion at the end of 2025.

Commenting on these results, Ali Maaref, Chairman of the Board of Kuwait National Bank – Egypt, stated that the strong performance in the first half of the year adds a new achievement to the bank’s track record since the Kuwait National Bank Group’s acquisition in 2015, reflecting the continuous effort to achieve the group’s objectives and maximize shareholder value. He added, “We will continue to build and develop in the coming period, relying on our confident future vision and sound institutional approach, ensuring the bank remains among the leading banks in the Egyptian banking sector.”

Maaref noted that Kuwait National Bank – Egypt continued to enhance its positive social impact by launching and implementing various corporate social responsibility initiatives, as part of its commitment since commencing operations in the Egyptian market to create a positive societal impact. He highlighted that these efforts received strong support from bank employees through their participation in volunteer programs, reaffirming the bank’s commitment to providing material and moral support to the most vulnerable groups through these initiatives to achieve sustainable community development and foster a more cohesive society.

Maaref said, “The recorded indicators reflect the bank’s relentless efforts to excel in providing the best banking services and products, our commitment to continuous development to serve customers, and our constant pursuit to consolidate our distinguished position in the Egyptian banking sector. We reaffirm our commitment to the principles of sustainability, governance, and social responsibility, driven by our belief that success is measured by the positive and sustainable impact we create in society.”

He concluded his statement by expressing his gratitude and appreciation to the executive management team and all bank employees for their unwavering dedication, which played a significant role in achieving the bank’s ambitious aspirations and plans.

Distinctive Indicators

For his part, Khaled Al-Salawi, CEO and Managing Director of Kuwait National Bank – Egypt, stated that the bank’s strong operational performance enabled it to consolidate its financial position, enhancing its ability to face economic changes and efficiently handle various challenges. He emphasized that the bank’s adopted strategy has proven effective in mitigating risks and achieving notable growth rates across all performance indicators, amid rapid developments in the local and global economies.

Al-Salawi affirmed that the bank’s future outlook remains optimistic, supported by ongoing economic reforms and the significant efforts made by the government to enhance economic stability and stimulate investment, thereby contributing to creating an enabling environment for the growth of the banking sector and sustaining its vital role in supporting the national economy.

He praised the leading role played by the Central Bank of Egypt in leading digital transformation efforts and enhancing financial innovation, which supports the achievement of financial inclusion goals and expands the scope of banking services to encompass various segments of society.

He explained that the bank continues to launch digital initiatives and solutions that keep pace with technological developments and meet customer needs, contributing to a more convenient and efficient banking experience. He noted that the bank’s ambitious strategy aims to develop business plans across all sectors, establish clear performance measurement standards, invest in infrastructure and technology, and pursue geographic expansion to ensure the delivery of the best banking services to customers.

Al-Salawi stressed the bank’s constant commitment to providing exceptional banking solutions that meet diverse customer needs, adding that the bank is moving forward to strengthen its robust financial position and keep pace with the rapid changes witnessed by the banking sector.

Four Global Awards

The bank recently secured four global awards, including three titles from International Business magazine’s 2026 edition. Al-Slawi was honored with the “Best Forward-Thinking Banking Leader” award, recognizing his role in steering the bank toward sustainable growth, fostering a culture of innovation and development, and enhancing institutional performance in line with global banking best practices. Additionally, the bank won two awards: “Best Bank in Corporate Banking” and “Best Bank in Retail Banking,” acknowledging its excellence in delivering banking services to both individuals and corporate clients.

The bank also received the “Excellence in Customer Service” award from Deutsche Bank, recognizing the strength of the partnership between the two banks throughout 2025. This honor reflects the bank’s outstanding performance and high-quality operational processes, which support joint collaboration in relationship management, cash management, trade finance, corporate banking, and international customer services, adhering to the highest global standards. This mutual trust further reinforces shared successes aimed at improving the quality of services provided to customers.

Partnership with Mastercard

In the first half of this year, Banque Misr Al Ahli and Mastercard collaborated to enhance advanced digital payment solutions for individuals and businesses, enabling them to conduct their financial and banking transactions easily and with the highest levels of security. This partnership supports the bank’s digital transformation journey, allowing it to expand its service offerings to meet the needs of diverse customer segments, and to deliver innovative solutions and a pioneering, exceptional banking experience. This initiative aligns with the vision of the Arab Republic of Egypt for transitioning toward a cashless society, while enabling customers to benefit from the added digital capabilities provided by Mastercard’s solutions across various levels.