Browsing: Banking

Kuwait, 11 May 2026: Kuwait International Bank (KIB), in collaboration with Visa, announced the launch of Visa+, a new service that enables customers to receive international transfers seamlessly using only their mobile number, without the need to share complex banking details. This service, the first of its kind in Kuwait’s banking sector, allows KIB customers to link their registered mobile number to the card of their choice through the KIB Mobile application, making it easier and more secure to receive funds from abroad. Launched for retail customers, the service responds to growing demand for fast, convenient, and secure finan

Kuwait, 6 May 2026: Kuwait International Bank (KIB) announced the appointment of Abdulrahman Alsaddah as General Manager of Risk Management, in a move that reflects the Bank’s ongoing commitment to enhancing its capabilities and supporting national talent to assume leadership positions. Alsaddah brings over 23 years of experience in the banking sector, including around 15 years in corporate banking, equipping him with strong expertise in risk management and business development. Prior to joining KIB, Alsaddah served as Chief Risk Officer at Gulf Bank since January 2025, after holding the role in an acting capacity for two years. H

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 contin

Reaffirming its commitment to human capital investment in line with Kuwait Vision 2035 Kuwait, 21 April 2026 In continued efforts to advance senior leadership excellence, Burgan Bank announced signing a strategic partnership with the Kuwait Institute of Banking Studies (KIBS), with the Bank participating in the acclaimed Hult Ashridge Executive Program. Expanding on the Bank’s existing partnership with KIBS, the two parties announced their collaboration in delivering the specialized bespoke program in a signing ceremony held at KIBS. This comes as part of Burgan Bank’s leading human capital development strategy in line with

Kuwait, 12 April 2026: In 2025, Kuwait International Bank (KIB) continued to implement its strategy to advance digital banking services and enhance product efficiency by launching innovative financial solutions that elevate the customer experience and provide greater flexibility in managing finances and completing transactions easily and securely around the clock. This initiative reflects the Bank’s ongoing focus on strengthening its digital infrastructure and adopting the latest technological best practices, in line with rapid developments in the banking sector and consistent with its main slogan, ‘Bank for Life’. As par

Kuwait, 9 April 2026: As part of its ongoing support for the banking awareness campaign “Let’s Be Aware” (Diraya), launched by the Central Bank of Kuwait and the Kuwait Banking Association in collaboration with local banks, Kuwait International Bank (KIB) urged the public to remain vigilant against suspicious links or messages from unknown sources that promote urgent claims or misleading content designed to entice individuals to click on them, potentially exposing their personal and financial data to the risk of cyber fraud or security breaches. This warning comes amid a global rise in fraud schemes, as fraudsters increasing

Reinforcing the Bank’s commitment to advancing responsible banking practices in Kuwait Kuwait, 9 April 2026 Burgan Bank has unveiled its 2025 Annual Sustainability Report, reinforcing its commitment to responsible banking while driving measurable progress across its environmental, social, and governance (ESG) priorities and marking another milestone in its journey to advance responsible banking and long-term value creation. The 2025 report reflects a year of scaled impact and deeper integration of ESG across the Bank’s strategy, operations, and decision-making; documenting Burgan Bank’s dedication to shaping a more re

Kuwait, 16 March 2026: In preparation for Eid Al Fitr, Kuwait International Bank (KIB) announced the availability of its annual Eidiya service across its network of branches and ATMs throughout Kuwait. Through this service, KIB aims to provide customers with convenient access to Eidiya in various denominations, supporting their Eid preparations while reaffirming the Bank’s commitment to delivering accessible and customer-focused banking solutions. Commenting on the initiative, Nawaf Al-Khrayef, Deputy General Manager of Retail Banking at KIB, said: “We extend our warmest wishes to the leadership and people of Kuwait as we appro

Kuwait, 16 March 2026: Kuwait International Bank (KIB) held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on Monday, 16 March 2026, with 76.05% of shareholders in attendance. During the meeting, all agenda items of both the Ordinary and Extraordinary General Meetings were approved, including the Board of Directors’ recommendation to distribute cash dividends at a rate of 8% of the nominal value per share (8 fils per share) and 5% bonus shares (5 shares per 100 shares) for the year ended 31 December 2025. While giving an overview of the KIB Group’s financial performance and achievements, Sheikh Moham

Kuwait, 7 March 2026: Kuwait International Bank (KIB) continues to provide its banking services to customers as usual across its various channels, while maintaining full operational readiness to ensure services continue efficiently and reliably. In light of the current circumstances facing the country, KIB confirms that its banking systems and technological infrastructure are operating at full readiness, enabling customers to conduct their transactions easily and securely through its branch network and various digital channels. Prioritizing the safety of its customers and employees, KIB has activated its business continuity and risk man