International Bank of Kuwait Achieves 26.6 Million KD Net Profit in Nine Months
Bank announces 30% growth in net profit over nine months
Translated by Qiyas from كونا — Original source
Kuwait City, Oct 24 (KUNA) – Sheikh Mohammed Jaraah Al-Sabah, Chairman of the Board of Directors of Kuwait International Bank (KIB), announced that the bank achieved net profits of 26.6 million Kuwaiti dinars (approximately $87.7 million) for the nine months ended September 30, representing a 30 percent growth compared to the same period last year, with earnings per share of 13.51 fils.
In a press statement on Saturday, Sheikh Mohammed Jaraah Al-Sabah said that profits for the three months ended in September reached 9 million dinars (approximately $29.7 million), marking a 62 percent growth compared to the third quarter of 2025.
He added that KIB’s financial results for the first nine months of the current year reflect the bank’s success in sustaining growth and achieving balanced performance in a regional environment characterized by rapid developments and far-reaching market repercussions. Total assets grew by 8 percent to reach 4.74 billion dinars (approximately $14.7 billion) as of September 30, 2026.
He clarified that asset growth was driven by an 8 percent annual increase in the financing portfolio, reaching 3.48 billion dinars (approximately $11.4 billion). Additionally, the financial investments portfolio, which includes high-quality sukuk, rose by 12 percent to approximately 582.7 million dinars (approximately $1.744 billion) as of September 30.
For his part, Raed Bu-Khamsin, Vice Chairman and Chief Executive Officer, said the results reflect continuous efforts to develop a more diversified business model. He noted that net fee and commission income rose by 33 percent to reach 10.3 million dinars (approximately $33.9 million), while net investment income increased by 4 percent to 4.5 million dinars (approximately $17.8 million).
Bu-Khamsin pointed out that customer deposits grew by 2 percent to reach 3.08 billion dinars (approximately $9.2 billion), and total shareholders’ equity grew by 1 percent to reach 374 million dinars (approximately $1.2 billion). (End) F.N.K./T.B.
