Warqa Bank Reports 36.7 Million KD Profit in 9 Months

These results come within the framework of the bank’s strategy to consolidate a balanced business model that combines measured expansion, diversification of investment activities, and development of banking services, alongside enhancing operational efficiency and investing in modern technologies, thereby supporting its ambitions to continue growing and solidifying its position as a leading Islamic financial institution.

Warba recorded net profits of 36.7 million Kuwaiti dinars during the first nine months of 2026, equivalent to 6.93 fils per share.

These results reflect an operational path based on diversifying income sources, enhancing returns from banking and investment activities, while continuing to manage resources efficiently and maintain the quality of the financing portfolio and assets, thereby laying the foundations for long-term growth.

Regarding revenues, net investment income reached 24.6 million dinars, while net fees and commissions amounted to 10.7 million dinars, and net financing income reached 51.5 million dinars, as of September 30, 2026.

These indicators underscore the importance of the bank’s approach to balancing business volume growth with maintaining financial strength, thereby enhancing its ability to continue implementing its future plans and capitalizing on available market opportunities.

Commenting on the results, Warba Board of Directors Chairman Hamad Muaid Al-Sayer said: “The results achieved by the bank during the first nine months of 2026 reflect the success of the strategic vision the bank operates under, which is based on building a strong banking institution capable of achieving sustainable growth, while maintaining the highest levels of efficiency and flexibility in dealing with economic and financial changes.”

Al-Sayer added: “We have been keen in the past period to continue developing the bank’s capabilities and strengthening its presence in the local market, relying on a solid capital base and the trust of our shareholders and clients, which constitutes a primary driver for continuing the development journey and achieving further accomplishments.”

He continued: “Our ambitions go beyond achieving financial results; we are working to build a comprehensive banking experience that reflects our clients’ aspirations and keeps pace with the rapid developments in the banking industry, through investing in national talent, developing services, and enhancing strategic partnerships. We also pay great attention to strengthening Warba Bank’s role in Kuwaiti society, driven by our responsibility to support economic and social development and contribute to building a more innovative and sustainable banking sector.”

Warba continues to prioritize digital transformation as one of its strategic objectives, considering it a key driver for developing the banking sector and improving service efficiency for customers. The bank is working to expand the scope of digital solutions and update its banking channels to provide a smoother and more flexible experience, keeping pace with the rapid shifts in financial transaction patterns.

This approach relies on leveraging modern technologies to develop products and services, improving internal operational efficiency, and providing banking solutions that meet the needs of various customer segments, with a focus on innovation as a fundamental element in enhancing competitiveness.

The bank also continues to work on developing its technological infrastructure and enhancing integration among its various banking channels, which contributes to improving service quality, accelerating transaction processing, and delivering a more advanced banking experience.

Investment activity represents one of the important pillars within Warba Bank’s strategy, as the bank continues to develop its investment portfolio and diversify its areas of operation, thereby enabling it to capitalize on opportunities available in local, regional, and international markets.

This comes through enhancing the bank’s capabilities in financing and investment, developing its relationships with financial institutions, and participating in operations and transactions that align with its strategic direction and Islamic Sharia principles.

Sustainability and corporate social responsibility continue to form a core aspect of the bank’s strategy, driven by its belief that the role of banking institutions extends beyond providing financial services and generating returns, to include contributing to community development and supporting initiatives with positive impact.

In this context, the bank is keen on supporting initiatives aimed at empowering Kuwaiti youth and developing their skills, enhancing the participation of national talent in the labor market, as well as contributing to spreading knowledge and innovation and supporting educational and training initiatives.

The bank also places special emphasis on sustainable environmental practices, by working to improve resource efficiency and reduce the environmental footprint of operational activities, in line with modern trends in sustainable banking.

These efforts embody the bank’s vision of achieving a balance between economic performance and responsibility toward society and the environment, and strengthening its role as a partner in the national development journey.

For his part, Shahin Hamad Al-Ghanim, CEO of Warba Bank, said: “The financial results achieved by the bank during the first nine months of 2026 reflect the effectiveness of the strategies we have adopted to develop our business and enhance the efficiency of our operational model. We focus on achieving balanced growth based on diversifying revenue sources, improving asset quality, and enhancing resource management efficiency, which supports financial performance stability and strengthens the bank’s ability to continue expanding.”

Al-Ghanim added: “We are continuously working to develop our banking service framework, placing customer experience at the forefront of our priorities by leveraging technology and innovation to design more flexible and advanced financial solutions. We believe that investing in digital transformation is a pivotal element in the future of the banking industry, and therefore we continue to strengthen our technical capabilities and develop our channels and products to meet the needs and aspirations of our customers.”

He continued: “We are also keen on enhancing the efficiency of our investment and financing activities, and capitalizing on opportunities provided by the markets, while adhering to best professional practices and governance and risk management standards, ensuring the maintenance of our financial strength and enhancing the confidence of shareholders and customers.”

He concluded: “The progress we have achieved in performance serves as a motivation to continue working according to a clear vision aimed at strengthening Warba’s position in the Islamic banking sector. We will continue to invest in human capital, technology, and service development, alongside our commitment to our social responsibility and support for developmental initiatives, in line with our aspirations to build a sustainable banking institution capable of creating added value for its customers, shareholders, and the local economy.”