Consolidated financial data for Kuwait’s banks for the first nine months of 2025 showed strong growth, with the sector’s loan portfolio rising 8.64% to reach 80.1 billion dinars by the end of September, up from 73.7 billion dinars at the end of 2024.
Loans now make up nearly 60% of total bank assets, reflecting accelerated activity in the credit market.
The National Bank of Kuwait (NBK) continues to lead the sector with a loan portfolio of 26.1 billion dinars, marking a 9.9% increase over the nine-month period and representing 32.5% of the total banking sector loan portfolio.
Kuwait Finance House (KFH) followed with a financing portfolio of 21.22 billion dinars, up 11.3%, or 26.5% of the sector’s total, reports Al-Anba daily.
Boubyan Bank’s loans reached 7.59 billion dinars, reflecting a 9.5% growth, while Gulf Bank’s portfolio increased 4.1% to 5.69 billion dinars.
Warba Bank and Kuwait International Bank (KIB) recorded notable growth rates of 9.7% and 12.9%, with loans totaling 3.99 billion dinars and 3.2 billion dinars, respectively.
Other contributors included Burgan Bank with 4.73 billion dinars and the Commercial Bank of Kuwait with 2.86 billion dinars.
Customer deposits, the sector’s primary funding source, rose 5.7% to reach 76 billion dinars by the end of September. NBK held the largest share with 24.6 billion dinars, up 7.6%, while KFH’s deposits totaled 20.1 billion dinars, a 4.7% increase.
Boubyan Bank and Warba Bank also saw strong deposit growth of 8.6%, reaching 8.1 billion dinars and 3.42 billion dinars, respectively.
Gulf Bank recorded deposits of 4.76 billion dinars (+2%), Burgan Bank 5.18 billion dinars, and Kuwait International Bank 3.03 billion dinars. The Commercial Bank of Kuwait held 2.62 billion dinars, contributing to the sector’s overall rise in customer deposits.
Driven by these strong performances, the sector’s shareholders’ equity exceeded 15 billion dinars for the first time, rising 9% over the period. KFH led with 5.6 billion dinars (+5.2%), while NBK’s equity grew to 4.4 billion dinars (+7.5%), reflecting a solid capital base.
Total assets of local banks also expanded, reaching 134.88 billion dinars by the end of September, up 9.4% from 123.3 billion dinars at the end of 2024. NBK held the largest share with assets of 44.91 billion dinars, growing 11.3%, while KFH’s assets increased 11% to 40.75 billion dinars.
Boubyan Bank’s assets stood at 10.21 billion dinars (+8.9%), and Burgan Bank recorded 8.89 billion dinars. Gulf Bank’s total assets reached 7.59 billion dinars, NBK 7.06 billion dinars, and Warba Bank 6.07 billion dinars, further reflecting the sector’s expansion.
The Commercial Bank of Kuwait posted assets of 5.02 billion dinars, representing 3.7% of total banking sector assets, while KIB’s assets totaled 4.37 billion dinars, capturing 3.2% of the sector. These figures highlight balanced growth across the major players in Kuwait’s banking sector.
The first nine months of 2025 underscore the sector’s resilience, with robust loan growth, expanding customer deposits, and increasing assets, positioning Kuwait’s banks as strong contributors to the country’s economic development and financial stability.
