Ahli Bank Posts KD 54.19 Million Profit in Nine Months, Up 16.2%

The Kuwait Finance House (KFH) Group announced its financial results for the first nine months of the current year, achieving growth in its key financial indicators. Net profit attributable to shareholders reached KD 54.19 million, representing a growth rate of 16.2 percent compared to the same period in 2025.

The Group continued to strengthen its profitability, with earnings per share growing by 18 percent to reach 17.6 fils. This improvement was supported by effective cost management and enhanced operational efficiency, bringing the cost-to-income ratio to 43.47 percent.

At the same time, operating income rose by 7.51 percent to reach KD 177.50 million, while operating profits increased by 5.55 percent to reach KD 100.34 million.

The loan and advance portfolio recorded KD 5.03 billion, reflecting a 5 percent growth, while total customer deposits reached KD 4.30 billion. Total assets amounted to KD 7.52 billion, representing a 6.4 percent increase.

Non-performing loans (NPLs) continued to decline to 1.19 percent, while the provision coverage ratio reached 355 percent, reflecting the Group’s robust risk management framework and conservative underwriting approach.

In parallel, the Group maintained a strong capital position, with the Capital Adequacy Ratio (CAR) standing at 17.25 percent. Shareholders’ equity grew by 6.6 percent to reach KD 700.27 million.

Commenting on these results, Talal Rida Al-Bahbahani, Chairman of the Board of Directors of the Kuwait Finance House Group, stated that the positive financial indicators reflect the Group’s continued ability to successfully navigate various challenges, thanks to its conservative risk management model, which ensures the continuity of services and operational processes at the highest standards.

He noted that the success in achieving growth rates in financial indicators again is the result of the Group’s strategic success, effective operational execution, and adaptation to various transformations, turning challenges into promising opportunities.

Al-Bahbahani emphasized that this is achieved through a business model that combines prudence with keeping pace with developments, thereby consolidating the Group’s position as a trusted partner for all customer segments and stakeholders in the markets of Kuwait, Egypt, and the United Arab Emirates.

He pointed out that the figures demonstrate the Group’s strong financial position, high liquidity, robust capital buffers, and solid capital base, which have formed the cornerstone of achieving balanced growth and sustainable operational stability. He added that the Group is committed to creating added value for shareholders and customers by meeting their expectations through innovative banking services and advanced financial solutions.

He affirmed the Group’s commitment to continuing a prudent policy that enhances asset quality and supports profit sustainability, alongside ongoing digital transformation plans and the innovation of new financing solutions that contribute to supporting stakeholders’ efforts in Kuwait to achieve the desired development under Kuwait Vision 2035.

Al-Bahbahani stated that the Group continues to work on strengthening its financial position, emphasizing its full readiness to seize diverse opportunities. He noted that approval was obtained from the Extraordinary General Assembly in September to increase the authorized capital to KD 600 million, in addition to securing the required regulatory approvals in October to increase the bank’s issued and paid-up capital, with a total value of KD 150 million, distributed as KD 75 million in par value and KD 75 million in share premium.

This will be achieved through the issuance of 750 million shares at an offering price of 200 fils per share, comprising 100 fils in par value and 100 fils in share premium. This marks a fundamental milestone that supports the Group’s readiness to transition to a new stage of growth, expansion, and capacity development.

He added that this measure provides the bank with long-term flexibility and strength to support its long-term strategy and prepare for increasing its capital base as the group’s business volume grows, thereby confirming its readiness during the preparation and implementation of its new five-year plan and enabling it to respond to any future capital needs.

He noted that the group has continued to earn the trust of global institutions, as evidenced by maintaining a high credit rating of A from Fitch and A2 from Moody’s, which underscores the robustness of its financial position and its ability to face various challenges and meet the requirements of stakeholders in performance evaluation, regulatory indicators, and operations within the banking sector in the State of Kuwait.

He highlighted that the group has won additional global awards in recognition of its outstanding performance, revealing that it received four awards from Global Finance magazine and two from Global Brands magazine, along with other titles since the beginning of the year, honoring its excellence in digital services, call center operations, and governance.

Al-Bahbahani thanked the board of directors, the executive management, and all employees for their efforts and contributions to achieving the success of Al Ahli Bank of Kuwait’s plans and elevating its leading position in the banking sector. He praised the continuous support provided to the group by all regulatory authorities in Kuwait, Egypt, and the UAE, and their steadfast commitment to developing the banking sector.

For his part, Gil van der Toel, Chief Executive Officer of Al Ahli Bank of Kuwait Group, stated that the results for the first nine months of 2026 confirm the efficiency of the group’s business model and its firm commitment to its innovation-driven, digital transformation, and sustainable investment approach. He pointed out that growth is the result of sound planning and meticulous implementation of initiatives across various departments, as well as the provision of innovative banking services to enhance customer experience and improve operational efficiency.

He viewed these results as stemming from a prudent risk management approach, maintaining the robust quality of assets and strong financial buffers, applying the latest governance standards, and continuing innovation to deliver a banking model that anticipates customer expectations and ensures increasing returns for shareholders in the long term.

Van der Toel revealed the continuation of the plan to renovate Al Ahli Bank branches in various governorates of Kuwait, with the latest renovations in the Mansourya, Shuwaikh, and Farwaniya areas, under a policy of unifying the bank’s visual identity across branches and providing the latest devices, technologies, and banking systems. He explained that these efforts contribute to increasing the satisfaction of existing customers and attracting new segments, thereby consolidating the bank’s leading competitive position.

He clarified that the bank continues to develop its mobile application and launch more digital solutions to execute various transactions around the clock, adhering to the highest levels of security and reliability.

He emphasized that the true driver of plan success is human capital, noting the continued investment in empowering employees, developing their skills, and enhancing their ability to innovate. He highlighted various training programs that the bank continues to launch, including specialized programs in credit analysis and artificial intelligence, among others, and the provision of a work environment that encourages solution innovation and keeps pace with developments in the banking industry, thereby enhancing employee loyalty and cementing the bank’s position among the best employers in the local banking sector.

He pointed to the continuous effort to increase and consolidate the trust of all customer segments in Al Ahli Bank of Kuwait through the ongoing launch of modern solutions and exclusive offers across various sectors to meet their expectations and attract them to choose the bank as their preferred option for continuously executing their financial and banking transactions.

He noted that outstanding financial performance is always accompanied by a firm commitment to environmental, social, and governance (ESG) sustainability, pointing to the issuance of the Group’s annual sustainability report, which was made available in Arabic for the first time on the bank’s website. He also highlighted the enhancement of the corporate social responsibility program through the support and sponsorship of numerous sports, cultural, educational, health, environmental, and humanitarian events and activities, in line with the bank’s national and responsible role in achieving the desired local development.

At the conclusion of his remarks, Van der Tol announced the continued support for the “Let’s Be Aware” campaign, including the dissemination of its diverse educational content across the bank’s various digital platforms and within its branches.