Finance
List of Commercial banks in Kuwait
Kuwait’s banking sector is a crucial pillar of its economy, supporting growth, trade, and investment while providing essential financial services. Known for its stability and innovation, the sector has consistently adapted to market changes and embraced technology to meet customer needs.
Overview of the Kuwaiti Banking Sector
Kuwait’s banking sector is a cornerstone of the economy, characterized by its stability and diversity. Under the rigorous oversight of the Central Bank of Kuwait, the sector includes a mix of conventional and Islamic banks, investment firms, and specialized lenders. Islamic finance, in particular, has seen significant growth, reflecting the country’s demographic trends. Technological innovation is a key driver, with digital banking transforming customer experiences. Kuwait‘s strategic geographic location has facilitated the international expansion of its banks. Despite challenges such as increased competition and cybersecurity threats, these factors also foster growth and innovation, positioning the sector to contribute significantly to the nation’s economic prosperity.
| Bank Name | Headquarters | Bank Revenue (KWD) | Bank Revenue (USD Billion) | Contact Details | Bank Sector |
| National Bank of Kuwait | Kuwait City | 560.6billion | 1821.82billion | +965 2222 2222 | Conventional |
| Kuwait Finance House | Kuwait City | 461.5billion | 1499.77billion | +965 2208 2208 | Islamic |
| Gulf Bank | Kuwait City | 71.2million | 231.38million | +965 2238 2238 | Conventional |
| Burgan Bank | Kuwait City | 106 million | 346.64million | +965 2297 2297 | Conventional |
| Al Ahli United Bank | Kuwait City | 4.50billion | 14.62billion | +965 2245 2245 | Conventional |
| Boubyan Bank | Kuwait City | 80.4billion | 262.92 billion | +965 2291 9191 | Islamic |
| Warba Bank | Kuwait City | 182billion | 595.16billion | +965 2222 8888 | Islamic |
| Commercial Bank of Kuwait | Kuwait City | 0.53billion | 1.72billion | +965 2221 1111 | Conventional |
Kuwait’s banking sector is a stable, diverse powerhouse driving economic growth. With strong regulation, a blend of traditional and Islamic finance, and a focus on technology, Kuwaiti banks are well-positioned for global success.
