Boubyan Bank in Kuwait continues to show strong performance by following a clear sustainable growth strategy. As a result, the bank reported KD 52 million in net profits during the first half of the year. This growth reflects steady financial progress and effective leadership across its operations.
Net profit rose by 5%, while profit before tax reached KD 60 million, showing an 18% increase. Furthermore, earnings per share grew to 11 fils. These financial indicators clearly highlight the efficiency of the bank’s long-term growth plan aimed at enhancing profitability and maintaining stability.
In addition, the bank’s assets climbed to KD 10 billion, marking a 12% increase. Its financing portfolio also expanded to KD 7.5 billion, up by 11%. Therefore, these developments reinforce Boubyan’s sustainable growth strategy, which targets responsible expansion and long-term value creation.
Moreover, Boubyan’s operating profit reached KD 67 million, growing 10% compared to the previous period. Simultaneously, its share of local financing rose to 12.5%. These positive outcomes confirm that the bank’s future-focused growth strategy continues to deliver strong operational results across all major segments.
Accordingly, the bank’s Chairman, Abdulaziz Al-Shaya, stated that Boubyan’s performance reflects a solid and adaptable banking strategy. He noted that the bank stays committed to meeting the expectations of customers and shareholders while adjusting to changing market conditions.
Looking ahead, the bank will continue building on its sustainable growth strategy. Specifically, it plans to expand both domestically and regionally, offer innovative digital solutions, and enhance operational efficiency. At the same time, it promotes workplace excellence and leadership development across teams.
Meanwhile, Vice-Chairman and Group CEO, Adel Al-Majed, confirmed that these results show strong underlying business fundamentals. He emphasized that Boubyan’s issuance of $500 million in sukuk supports its broader expansion model and secures long-term funding for future plans.
Not only does Boubyan lead in financing, but it also supports clients with advanced corporate banking services. These include host-to-host payments, smart liquidity tools, treasury services, and virtual account systems. Consequently, these offerings align with the bank’s wider sustainable growth strategy to improve value for institutions.
Furthermore, the bank leads in technology innovation. It launched an AI-Driven Transformation Program and signed a strategic agreement with Microsoft. These efforts solidify Boubyan’s role as a regional leader in tech-integrated banking strategy.
Boubyan has also earned significant recognition from global institutions. It received the Best Islamic Bank in Kuwait award and ranked among the top Arab banks. These achievements clearly reflect the strength of its sustainable growth strategy and pursuit of service excellence.
Equally important, Boubyan actively supports community development as part of its vision. It invests in youth empowerment, entrepreneurship, and financial education. Thus, its long-term future-focused growth model extends beyond profits and into social progress.
Finally, Boubyan fosters a supportive workplace culture. It promotes inclusion, provides training, and encourages work-life balance. Altogether, these values help develop strong teams and further strengthen its sustainable growth strategy.
