Kuwaiti Banking Sector Posts Strong 2025 H1 Results
The Kuwaiti banking sector has reported a strong start to 2025, with total profits for the first half reaching approximately 882.2 million dinars. This marks a 4.3% increase from the same period in 2024.
Islamic banks contributed significantly to this growth, earning 430 million dinars, which accounts for 48.7% of total net profits. Conventional banks also performed well, posting total profits of 452.2 million dinars, representing 51.3% of the sector's net profits.
Warba Bank led the growth, with a remarkable 121.2% increase in net profits. Profits for the second quarter totaled 477 million dinars, reflecting a 17.7% increase from the first quarter.
The National Bank of Kuwait (NBK) made the highest profit in the sector, with a net profit of KD 315.3 million for the first half of 2025, showing a 7.8% year-on-year increase. Kuwait Finance House (KFH) followed closely with profits of 342.1 million dinars, representing 38.8% of total sector profits.
The Kuwaiti banking sector's growth in net profits during the first half of 2025, coupled with an increase in the price-to-earnings (P/E) ratio to 18.3 times, indicates a robust and promising start to the year. Total provisions set aside by banks decreased by 30.2% compared to the same period in 2024, reflecting improved asset quality and reduced risk.
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