16 Hrs
Source:
Sky News
Kuwaiti banks earn 922M dinars in H1 2026
The Kuwaiti banking sector achieved a positive financial performance in the first half of 2026, with the profits of listed banks on the Kuwait Stock Exchange reaching 922.2 million Kuwaiti dinars, representing a 4.6% increase compared to the same period in 2025. The Kuwait Finance House (KFH) topped the profit rankings, earning 363.1 million dinars (+6.1%), followed by National Bank of Kuwait with a profit of 324.8 million dinars (+3%). Operating revenues grew by 7.8%, reaching 2.35 billion dinars, while credit loss provisions increased by 31% to 237 million dinars. Additionally, the loan and financing portfolio expanded by 9.5% to 85.65 billion dinars, supporting a 5.5% growth in interest and financing income to 1.64 billion dinars. The sector's total assets remained at 140 billion dinars (up 7.4%), with the National Bank of Kuwait maintaining the largest share of assets. Despite the rise in revenues and assets, increased provisions constrained profit growth.
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