KIB Group reports net profit of KD 8 million for Q1 of 2026

Kuwait, 25 April 2026: Sheikh Mohammed Jarrah Al-Sabah, Chairman of Kuwait International Bank (KIB), announced the Group’s financial results for the first quarter of 2026. KIB Group achieved net profit attributable to shareholders amounting to KD 8 million, which grew by 10% compared to KD 7.3 million. Earnings per share (EPS) stood at 4.61 fils, compared to 4.19 fils for the first quarter of 2025. Total operating income reached KD 24.5 million, reflecting a growth of 13% compared to the first quarter of 2025.

Commenting on the latest financial results, Al-Jarrah stated: “The results for the first quarter of 2026 reflect continued positive momentum in the Bank’s performance, driven by the disciplined execution of our strategy, a focus on growing core businesses, and ongoing efforts to enhance the quality and diversification of revenue streams. These factors reinforce our financial strength and support sustainable growth. We continue to build on a solid institutional foundation anchored in effective risk management and enhanced operational efficiency, enabling us to adapt to evolving economic conditions while delivering balanced and sustainable performance.”

Al-Jarrah added: “Amid exceptional circumstances and rapidly evolving developments in the region, KIB has demonstrated strong resilience in maintaining the continuity of its operations, supported by a robust digital infrastructure and a highly prepared operating model. With the safety of our customers and employees as a top priority, we have activated our business continuity and risk management plans in line with the highest standards and the guidance of the Central Bank of Kuwait (CBK). This has ensured the consistent, efficient, and uninterrupted delivery of our banking services across all channels.”

Al-Jarrah also emphasized that the Kuwaiti banking sector, supported by its strong financial position, institutional efficiency, and advanced infrastructure, has reaffirmed its role as a key partner in supporting the national economy and development efforts, while strengthening confidence in the financial system.

With regard to the financial results for the first quarter of 2026, Al-Jarrah noted that total assets grew by 18% to reach KD 4.57 billion as of 31 March 2026, compared to KD 3.89 billion for the same period last year. This growth was driven by an increase in the financing portfolio of KD 483 million, representing a growth rate of 17%, bringing it to KD 3.37 billion, compared to KD 2.88 billion for the same period last year. The investment portfolio, which includes high-quality Sukuk, also increased by KD 71 million to KD 567 million, compared to KD 496 million for the same period last year.

From his side, Raed Jawad Bukhamseen, Vice Chairman and CEO of KIB, said: “These results reflect the strength of our business model and its ability to deliver balanced growth across different segments, as we continue to strengthen our core banking activities and develop our solutions and services to meet customer needs and enhance their experience. We remain focused on growing non-financing income, enhancing integration across banking channels, and improving operational efficiency while further developing our capabilities, all in support of our future growth plans.”

Bukhamseen noted: “In light of the conditions in the region, KIB focused on maintaining the smooth flow of daily operations and efficiently meeting customer needs across all service touchpoints, while continuing to develop its digital banking solutions to enhance accessibility and keep pace with evolving customer expectations. We also continued to improve the efficiency of our channels and expand the range of services offered, ensuring a comprehensive and flexible banking experience that meets diverse needs at this stage.”

He also emphasized that the Bank places great importance on strengthening its human capital by attracting and developing national talent, and by preparing future leaders capable of sustaining growth. This is alongside its firm commitment to social responsibility and advancing environmental, social, and governance (ESG) practices, in line with leading global standards.

Bukhamseen presented the key financial indicators for the first quarter of 2026 compared to the same period last year, noting that financing income increased to KD 52.8 million, compared to KD 46 million, representing a growth rate of 15%. Fee and commission income also rose to KD 4.7 million, compared to KD 4.2 million, reflecting a growth rate of 13%. Investment income also rose to KD 2.4 million, compared to KD 0.5 million. This contributed to an increase in total operating income to KD 24.5 million, up 13%.

With regard to the Bank’s financial position, Bukhamseen noted that depositors’ accounts at KIB grew by 20% to reach KD 3.33 billion as of 31 March 2026, compared to KD 2.78 billion for the same period last year. Total shareholders’ equity also recorded growth of 5%, reaching KD 368 million as of 31 March 2026, compared to KD 351 million for the same period last year. He further highlighted that KIB continues to maintain strong capital adequacy levels in line with Basel III requirements, reaching 21.10% as of 31 March 2026.

During the first quarter of 2026, KIB continued to implement a series of qualitative initiatives reflecting its commitment to fostering innovation, supporting the national economy, and enhancing its services and products across various sectors. As part of its efforts to support financial innovation and empower national talent, the Bank participated in the ‘Motawer’ program, the largest local platform supporting fintech projects, organized by the Kuwait Banking Association with the support of the Central Bank of Kuwait.

Further strengthening its position in capital markets, KIB was awarded the ‘Regulatory Deal of the Year 2025’ for its USD 300 million sustainable Sukuk issuance, underscoring the success of its financing strategy and its leading position in the Islamic banking sector.

Bukhamseen highlighted that KIB continues, for the sixth consecutive year, to support the ‘Let’s Be Aware’ (Diraya) banking awareness campaign launched by the Central Bank of Kuwait in collaboration with the Kuwait Banking Association, as part of its broader community program aimed at promoting financial literacy across all segments of society.

In their concluding remarks, Al-Jarrah and Bukhamseen commended the Central Bank of Kuwait for its exceptional regulatory and supervisory roles, as well as its consistent support. They also expressed their gratitude to the Capital Markets Authority for its supportive role in fostering an attractive and competitive investment environment in Kuwait. In addition, they praised the tireless efforts of all KIB teams, highlighting their contributions to achieving these results. They expressed their profound appreciation to the Board of Directors and Executive Management for their ongoing support and wise guidance, which have been instrumental in enhancing KIB's financial standing and meeting all environmental, social, and corporate governance requirements.