Al-Ahli Profits Up 17 Percent
The Kuwait-based National Bank of Kuwait Group announced its financial results for the first half of 2026, reporting profits of 37.1 million Kuwaiti dinars, a 17% increase compared to the first half of 2025. This growth was driven by disciplined cost management, a focus on operational efficiency, and revenue growth which reached 119.22 million dinars. Assets also expanded to 7.27 billion dinars. The group maintained strong asset quality, with a low non-performing loan ratio of 1.25% and a high loan loss coverage ratio of 340%. Capital adequacy was reinforced with a capital adequacy ratio of 18.03%, and the bank received high credit ratings (A from Fitch and A2 from Moody’s). Group leaders confirmed that the results reflect the success of their strategy, highlighting significant progress in digital transformation and sustainability efforts, and solidifying a strong position in the local and regional markets.
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