Al-Shal reports 409.4M Dinars in bank Q1 profits
The Kuwaiti banking sector achieved a net profit of 409.4 million Kuwaiti dinars in the first quarter of 2026, reflecting a 1% increase compared to the same period in 2025, with profits rising in 6 banks and declining in 3 banks. The profits also saw an 11.7% increase compared to the fourth quarter of 2025. Bank provisions amounted to 112.3 million dinars, marking an 18.8% rise. The report indicated that Boubyan Bank and the National Bank of Kuwait remained at the top in profitability, recording 176.5 million and 135.5 million dinars respectively.
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