Boubyan Bank Achieves 80.7 Million Kuwaiti Dinars in Net Profits

Boubyan Bank announced its financial results for the nine-month period ended September 30, 2026, reporting net profits of 80.7 million Kuwaiti dinars, a 4% increase compared to the same period last year, and earnings per share of 16 fils.

During the same period, the bank’s assets rose to 11 billion Kuwaiti dinars, an 8% year-on-year increase, while its financing portfolio reached 8.4 billion Kuwaiti dinars, up 10%. Operating profits also grew by 9% to reach 110 million Kuwaiti dinars.

Commenting on the financial results, Abdulaziz Abdullah Daikh Al-Shaikh, Chairman of the Board of Directors of Boubyan Bank, stated that the announced results and indicators reflect the bank’s ability to adapt and respond to various changing circumstances with professionalism, dynamism, and flexibility. This has further strengthened its sustainable growth strategy, driven by a distinctive business model that has enabled the bank to capitalize on all available opportunities while ensuring optimal resource management to boost profitability and adhere to the highest standards of operational efficiency.

He added that Boubyan focuses on the quality and sustainability of its growth by continuing to develop services and enhance the customer experience across various channels, alongside developing wealth management solutions that align with the diverse needs and aspirations of its clients. Furthermore, the local, regional, and international achievements and recognitions the bank has secured underscore its entrenched presence in the fields of innovation, digital banking, and Islamic finance.

He clarified that the issuance of 90 million Kuwaiti dinars in Mudaraba Sukuk – the bank’s first local currency sukuk issuance, within the additional first tranche of capital – represents a significant addition to financing and investment instruments in the local market. This move supports the efficiency of its capital structure and future growth plans, confirming investors’ confidence in the bank’s strong financial position and its standing in the capital markets.

He continued, “We continue to work on enhancing the bank’s readiness for the next phase, reinforcing its financial and operational resilience, and investing in its digital and human capabilities. We look forward to completing the year according to clear priorities, relying on the strength of the bank’s financial position and the commitment of our teams to execute their priorities.”

Concluding his remarks, Al-Shaikh said, “On behalf of the Board of Directors, I extend my thanks to our shareholders, clients, and investors for their continued trust, and to the bank’s executive management and human resources for their efforts and dedication. Boubyan will continue to reinforce the principles of governance and sound management, working to achieve sustainable growth and strengthen its position as one of the leading Islamic banking institutions in Kuwait and the region.”

For his part, Adel Al-Majed, Vice Chairman and Chief Executive Officer of Boubyan Group, stated that the bank continues to develop its institutional capabilities, invest in human capital, and enhance operational efficiency. This is taking place alongside the development of services and solutions offered to various customer segments, supporting business development, driving performance efficiency, and keeping pace with rapid market developments.

He added that Boubyan is proceeding with the implementation of its institutional transformation strategy by leveraging artificial intelligence technologies to develop its business model and improve the efficiency of various departments, thereby supporting the building of a technology-backed banking institution. This is accompanied by investments in developing staff skills and enhancing their readiness for the future. The bank is implementing specialized training programs for its executive leadership to enhance their knowledge of applications and explore ways to utilize them in the work environment, within the frameworks of governance and data protection.

Regarding the diversification of funding sources, Al-Majed noted that the bank completed a $300 million Sharia-compliant syndicated financing facility for a three-year term, led by HSBC and with the participation of several major Chinese banks, a move that strengthens Bayan’s presence in global financing markets.

He clarified that the bank is expanding its strategic partnerships with entities across various fields and sectors, enabling its clients to benefit from a range of offers and advantages, while continuing its community role through targeted events and initiatives that support different sectors and segments, reflecting its commitment to serving society.

Al-Majed pointed out that Bayan is strengthening its role as a partner for small and medium-sized enterprise (SME) owners by enhancing their connectivity with a network of strategic partners and specialized service providers, which support various aspects of their businesses and keep pace with their evolving needs. Furthermore, the bank is expanding its strategic partnerships with entities from diverse fields and sectors, allowing its clients to benefit from a variety of advantages and services.

Concluding his remarks, Al-Majed emphasized that Bayan Bank will continue to focus on key growth drivers, investing in innovation, technology, and human capital, thereby supporting the bank’s sustainable performance, enhancing its competitiveness, and solidifying its position as a bank capable of adapting to changes and creating new growth opportunities.

Bayan continues to reinforce its leading presence at the local, regional, and global levels, having received numerous prestigious awards from Global Finance and Euromoney across various categories, as international recognition of the comprehensiveness of Bayan’s banking model in developing its business and its success in building an integrated Islamic financial institution.

Mr. Adel Al-Majed recently participated in a closed-door banking panel hosted by the Central Bank of Kuwait in collaboration with Global Finance magazine, to discuss the future of the banking sector and the Kuwaiti economy, as well as the key transformations influencing the future of the banking industry and the priorities needed to continue strengthening the resilience and stability of the sector at global, regional, and local levels.

Bayan continues to invest in national talent and skill development through specialized workshops and lectures organized in collaboration with universities and academic institutions. The bank also strengthens its partnerships with higher education institutions and facilitates knowledge exchange, contributing to preparing and equipping young professionals for the labor market with skills that align with the financial sector and support their career paths.