Kuwait Finance House Reports KWD 523.4 Million Profit Through End of Q3 2026

Hamad Abdulmohsin Al-Marzouq, Chairman of the Board at Kuwait Finance House (KFH), announced that the bank achieved net profits attributable to shareholders of 523.4 million Kuwaiti dinars through the end of the third quarter of 2026, representing a 6.2% increase compared to the same period last year, marking the highest profits in the Kuwaiti banking sector. Earnings per share reached 27.56 fils, up 5.4%, while net financing revenues rose by 4.8% to 989.5 million dinars. Total operating revenues, supported by growth across all key activities, increased by 6.7% to 1,452.2 million dinars. Thanks to expense control and cost rationalization, total operating expenses declined by 3%, pushing net operating revenues up by 11.7% to 1,004.7 million dinars. Consequently, the cost-to-income ratio improved to 30.8%, down from 33.9%.

Financing receivables stood at approximately 23.4 billion dinars at the end of the third quarter of 2026, up 7.5% compared to the end of the previous year. Total assets reached 43.8 billion dinars, a 2.4% increase, while total shareholders’ equity amounted to 5.7 billion dinars. Customer deposits stood at approximately 22.7 billion dinars, up 7.8%. The capital adequacy ratio reached 17.22%, exceeding regulatory requirements and reflecting the strength of the bank’s capital base.

Speaking on the strategy, Al-Marzouq stated that KFH’s continued strong performance through the end of the third quarter of 2026 confirms the success of its established strategy and its ability to achieve sustainable and balanced growth, enhance operational efficiency, and optimize the use of resources and assets, thereby solidifying its financial position and reinforcing its standing in the banking sector. He added that the sustained strong performance underscores the robustness of KFH’s business model, its flexibility in responding to economic and geopolitical changes, its effective risk management, and its adherence to the highest governance standards. He noted that these results reflect a clear strategic approach based on responsible growth and maximizing value for shareholders and customers.

Elaborating on sustainable value creation, Al-Marzouq explained that the group’s strategy looks to the future with a long-term perspective, aiming to build sustainable value and enhance the bank’s competitiveness and growth capacity through investments in business and service development, accelerating digital transformation, improving operational efficiency, and developing human capital. He affirmed that KFH will continue to steadily implement its strategic plans, leveraging its strong financial position, diversified business portfolio, and accumulated expertise, while maintaining a responsible growth approach and enhancing its role in supporting the national economy, thereby reinforcing the trust the bank enjoys among its shareholders, customers, and the broader community.

Regarding the business environment, Al-Marzouq pointed out that developments in Kuwait’s business environment, accompanied by supportive legislative and regulatory steps for economic and financial activity—such as the Real Estate Financing Law, the Sukuk Law, and previously, the law on borrowing from the Future Generations Reserve Fund and the Financing and Liquidity Law—represent positive factors for strengthening the private sector’s and financial institutions’ capacity to grow and contribute to economic development. He highlighted the importance of the Sukuk Law, as it enables the addition of a Sharia-compliant sovereign financing tool, helps broaden the investor base locally and internationally, and builds an Islamic sovereign yield curve that will support future issuances by companies and financial institutions.

Leadership in Community Responsibility and confirmed that Al-Merzouq emphasized Kuwait Finance House’s commitment to continuing support for national initiatives and projects with strategic impact, thereby enhancing integration between state institutions and the private sector, contributing to serving the national interest, and supporting the course of sustainable development in Kuwait. He highlighted the implementation of several strategic community and national initiatives, such as supporting the national initiative launched by the Kuwait Fund for Arab Economic Development to establish the “Kuwait Emergency Response Fund,” through a financial contribution valued at $13 million, as well as an additional contribution of $6 million to repair damaged power stations. He affirmed that Kuwait Finance House’s community work efforts have received highly distinguished global recognition, as the bank won the “Best Islamic Bank for Social Responsibility in the World for 2026” award from Global Finance magazine, in recognition of its exceptional efforts, clear footprint, and leadership in social responsibility in the markets and countries where it operates.

Sturdy Business Model: On his part, Khalid Yousef Al-Shamlan, CEO of Kuwait Finance House Group, stated that the strong performance achieved by the bank through the end of the third quarter of 2026, accompanied by continued profit growth, confirms the operational efficiency and resilience of the group’s business model, and its ability to deliver strong and sustainable results, despite the economic and geopolitical conditions facing the region and Kuwait. This is supported by high operational efficiency and flexibility in dealing with market changes. Al-Shamlan added that the diversification of revenue sources and the geographic distribution of the group’s operations, which extend to 10 countries worldwide through a network of more than 600 branches, represent one of the factors supporting performance stability and revenue enhancement, alongside the bank’s continued development of its financial and credit capabilities to meet the needs of individual and corporate customers.

Qualitative Digital Achievements: He affirmed that Kuwait Finance House continues to achieve qualitative milestones in digital banking services, pointing to ongoing investment in technology and innovation aimed at enhancing customer experience, improving operational efficiency, and strengthening the ability to keep pace with rapid developments in the banking sector. He noted that the bank has provided an integrated digital transformation model based on a clear strategic vision focused on the customer and achieving tangible operational results, highlighting the execution of more than 600 million digital transactions in one year, and providing over 200 integrated digital services via KFHonline, which has reinforced the position of digital services as a primary banking option for customers.

Outstanding Performance: He pointed out that the bank’s outstanding performance was also reflected in its continued accumulation of international accolades and awards, most notably its ranking first as the best-performing bank in Kuwait on the “Top 100 Arab Banks” list for 2026 issued by The Banker magazine. Additionally, the group won Euromoney awards in the fields of wealth management, environmental, social, and governance (ESG) practices, and digital banking services, in addition to the “Best Islamic Bank in the World” award from Global Finance magazine, and the “Best Digital Bank in Kuwait” award from MEED, alongside numerous other global recognitions that reflect the bank’s leading global position.

Gratitude and Appreciation: Al-Shamlan expressed his appreciation for the support of the Board of Directors, commending the role of regulatory authorities in supporting the banking sector.

He also commended the efforts of the executive management, all employees, and all partners and stakeholders for their pivotal role in meeting the expectations of shareholders and customers, and in sustaining Kuwait Finance House’s leadership and enhancing its standing locally, regionally, and globally.