Biggest Banks In Kuwait

Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.



The Kuwait banking sector has clawed its way back from its nadir in 2008/2009 when the sector was beset with problems, led by the massive loss at Gulf Bank, and rising non-performing loans and other assets throughout the sector. Losses and defaults at investment houses, and the substantial decline in the domestic stock exchange, added to the malaise.

Since then, most Kuwaiti banks have strengthened their financial positions but the high level of non-performing loans on banks’ balance sheets remains a drag on earnings and performance.

 

Top Banks by Assets

 

Top Banks by Profit

Data collected from stock market information and company annual reports for the full year of 2011.