List of Banks in Kuwait

The banking system in Kuwait includes 11 domestic commercial banks as well as 12 branches of foreign organizations such as Citibank, HSBC, BNP Paribas, Qatar National Bank, BBK, Doha Bank, Mashreq, Al-Rajhi, Bank Muscat and ICBC, among others. Kuwait Credit Bank and Industrial Bank of Kuwait are the two specialized government-owned institutions. The banking industry is regulated by the Kuwait Central Bank (CBK). Below is a list of the top 10 banks in Kuwait.

National Bank of Kuwait

National Bank of Kuwait (NBK) is the largest bank in the country in terms of total assets. Incorporated in 1952, it was the first indigenous bank and first shareholding company in Arabian Gulf region. Today, NBK is one of the top 3 safest banks in the Middle East according to Global Finance. It employs over 7,500 people and operates through a network of approximately 70 branches and 310 ATMs across the nation. As of December 31, 2022, NBK had total assets of US$118 billion.

Kuwait Finance House

Kuwait Finance House (KFH) is the second-largest bank in Kuwait with total assets of over US$60 billion. Founded in 1977, it was the first Islamic bank in the country. All activities are conducted in accordance with Islamic Sharia. The company offers personal and corporate banking, private banking, investment and real estate services, trade finance, auto finance, online banking, mobile banking app, credit cards, and more. KFH has international operations in Bahrain, UAE, Germany, Turkey, Malaysia and Saudi Arabia.

Burgan Bank

Burgan Bank provides banking and investment services through a regional branch network of 167 outlets. The Bank's key business areas are corporate and investment banking, private banking, retail banking and treasury. Burgan Bank Group's subsidiaries include Gulf Bank Algeria, Tunis International Bank, Burgan Bank Turkey and Bank of Baghdad. The company is the third largest bank in Kuwait with $24 billion in total assets, $12.4 billion in customer deposits, and $14 billion in loans.

Gulf Bank

Gulf Bank is the fourth largest bank in the State of Kuwait by assets. It was incorporated in 1960 and today has a network of about 60 branches and 200 ATMs. The company is rated 'A' by the leading credit rating agencies (Standard & Poor's, Moody’s and Fitch). It offers current, savings and salary accounts, MasterCard and Visa credit cards, debit and prepaid cards, rewards program, travel insurance, mobile and online banking, safe deposit boxes as well as consumer loans, new or used car loans, mortgages, secured cash loans, and pensions and investment funds.

Al Ahli Bank of Kuwait

Al Ahli Bank of Kuwait (ABK) is the fifth largest bank in Kuwait. It has a network of over 30 local branches, two branches in the UAE and 40 branches across Egypt. Al Ahli is one of the ten safest banks in the Middle East according to Global Finance Magazine. It has strong credit ratings of A2 and A+ from Moody’s and Fitch, respectively. It is also was named Best Commercial Bank by Banker Middle East, Best Bank by Arabian Business and Best Retail Bank by The Asian Banker.

Commercial Bank of Kuwait

Commercial Bank of Kuwait (CBK) is one of the top 10 banks in Kuwait in terms of assets, deposits, loans, revenue and income. The Bank’s main units are Retail Banking, Corporate Credit and International Banking & Syndication divisions, Treasury & Investment Division, and Operations and Risk Management divisions. The company employs 1,490 people and is headquartered in Kuwait City. CBK has a long term credit rating of A3 from Moody’s and A+ from Fitch.

Boubyan Bank

Boubyan Bank is one of the leading Kuwaiti banks offering a broad array of personal, business, private and corporate banking services. With around 1,400 employees and 30 branches, it operates as a subsidiary of National Bank of Kuwait (NBK). Boubyan’s total assets and deposits amounted to $20 billion and $15.3 billion, respectively, as of June 30, 2020.

Ahli United Bank Kuwait

Founded in 1971, Ahli United Bank K.S.C.P. (formerly known as Bank of Kuwait and Middle East), is one of the ten largest banks in Kuwait with over $14 billion in assets, $8.9 billion in customer deposits and $1.7 billion in total equity as of December 31, 2019. Net income and revenue for FY 2019 were $181 million and $557 million, respectively. It is listed on the Kuwait Stock Exchange and operates as a subsidiary of Bahraini Ahli United Bank B.S.C.

Warba Bank

Established in 2010, Warba Bank provides a wide array of full-fledged banking products and services including retail and corporate banking, investment banking and treasury services. Warba has prestigious awards such as Best Investment Bank in Kuwait, Best Corporate Bank in Kuwait and Fastest Growing Bank in the Middle East. Warba’s credit ratings are "A+" from Fitch and "Baa1" from Moody’s, with a stable outlook. The Bank operates 12 branches and 44 ATMs across the State of Kuwait.

Kuwait International Bank

Kuwait International Bank (KIB) is an Islamic financial institution regulated by the Central Bank of Kuwait. KIB maintains a network of over 25 local branches and employs 730 people. It offers current and savings accounts, credit cards, direct investments, Tawarruq (Commodity Murabaha), real estate and project finance, contracting finance, property management, letters of guarantee, safety deposit boxes, insurance, online banking and more.

List of Foreign Banks in Kuwait

Here is a list of foreign banks operating in Kuwait.

BNP Paribas - Kuwait Branch
HSBC Bank Middle East Ltd
Citibank - Kuwait Branch
Bank of Bahrain and Kuwait (BBK)
First Abu Dhabi Bank
Qatar National Bank - Kuwait Branch
Doha Bank - Kuwait Branch
Mashreq Bank - Kuwait Branch
Al-Rajhi Banking & Investment Corp.
Bank Muscat - Kuwait Branch
Union National Bank - Kuwait Branch
Industrial and Commercial Bank of China (ICBC)