ZAWYA: Boubyan Bank reports net profits of KD 26.4mln for Q1, 2026

About this update from Boubyan Bank K.s.c.

Total Assets Grew by 7% to KD 10.4 BillionAbdulaziz Al-Shaya:The Kuwaiti Banking Sector Demonstrated Resilience amid Global UncertaintiesBoubyan Is Keen on Adding Sustainable Value to Shareholders and CustomersAdel Al-Majed:Balanced Performance, Boosted by Our Solid Financial Position and Prudent Risk Management Despite Geopolitical ChallengesKey Business Sectors Maintained High Operational Flexibility That Contributed to Stable Performance Throughout Q1Boubyan Bank announced its financial results for Q1 of this year, as the bank recorded net profits of KD 26.4 million, with an earnings per share of 4.95 Fils.The bank’s assets grew to KD 10.4 billion at a growth rate of 7% compared with last year, while the bank’s financing portfolio grew by 8% to KD 7.8 billion, whereas the bank’s market share of local financing increased to 12.3%.Commenting on the financial results, Mr. Abdulaziz Abdullah Dakheel Al-Shaya, Boubyan Bank’s Chairman, stated: “Boubyan Bank has recorded good results during Q1 of this year despite geopolitical developments across the region, which have had a direct impact on various economic sectors, including the banking sector.”He added: “The Kuwaiti banking sector has demonstrated its resilience and ability to effectively deal with evolving conditions, supported by robust financial foundations and a cutting-edge regulatory framework, which contributed to maintaining the stability of the financial system and helped it continue playing a vital role.”Al-Shaya elaborated: “Boubyan continues to implement its strategy, which is based on balanced growth through effective management of risks and diversifying sources of income, in a manner that reinforces its ability to maintain a stable performance and a solid financial position, while continuing to support the national economy and aspiring for greater stability over the upcoming period, thus reflecting positively on various sectors.”He emphasized: “Boubyan is a pioneer in the domestic banking sector, with its keenness on offering a sustainable added value to shareholders, customers, and the communities where it is active, in addition to developing banking solutions and services that cater for the needs of customers and keep up with their evolving needs.”** Resilience and Readiness amid ChangesOn his part, Mr. Adel Al-Majed, Boubyan Bank’s Vice-Chairman & Group Chief Executive Officer, stated: “Th...

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