List of Banks in Kuwait

 

  Banks in Kuwait

  • Central Bank of Kuwait
  • National Bank of Kuwait
  • Gulf Bank of Kuwait
  • Commercial Bank of Kuwait
  • Al-Ahli Bank of Kuwait
  • The Bank of Kuwait and The Middle East
  • Kuwait International Bank
  • Burgan Bank
  • Kuwait Finance House
  • Boubyan Bank
  • Bank of Bahrain and Kuwait
  • Industrial Bank of Kuwait
  • United Gulf Bank
  • Credit & Saving Bank
  • HSBC Kuwait
  • BNP Paribas Kuwait
  • Citibank Kuwait

 

National Bank of Kuwait: First opened in Kuwait in 1952, the National Bank of Kuwait (NBK) is the first indigenous bank in the Gulf Region. Founded by a consortium of Kuwaiti merchants, NBK is currently the largest financial institution in middle east and is the leading bank in the Middle East. It has a presence in New York , London, Paris, Geneva, Beirut, Jordan, Bahrain, Qatar, Singapore, Vietnam, Iraq, Jeddah, Dubai and Shanghai. With capital resources of over $10 billion, it is ranked in the top 100 banks of the world, and the best among Arab Banks The bank's founders were Khaled Al-Zaid Al-Khaled, Ahmed Saud Al-Khaled, Khaled Abdullatif Al-Hamad, Sayed Ali Sayed Sulieman Al-Rifai, Abdulaziz Hamad Al-Sager, Mohamed Abdulmohsen Al-Khorafi, Yousef Ahmed Al-Ghanim, Yousef Abdulziz Al-Fulaij, and Khalifa Khalid Al-Ghunaim. These men represented the major merchant families in Kuwait at the time. Most of them established businesses which continue to play a major part in Kuwait's business community today.

In November 2007, NBK announced the acquisition of nearly 94% of Al Watany Bank of Egypt, a small Egyptian commercial bank. The bank had previously announced an intention to enter the Egyptian market and had made several unsuccessful bids. Egypt is viewed by a number of banks in the region as an important market for future expansion, being the market with the largest population and a reform minded government.

"With capital resources exceeding KD 2.9 billion ($10 billion), NBK is ranked amongst the top 300 banks in the world and the third amongst Arab banks. NBK reported a record net profit of $1 billion in 2007 (an 8% increase over the prior year) with a return on equity of 30%, a return on assets of 2.8% and total assets of $42 billion."

NBK has consistently received the highest all-round credit ratings among banks in the Middle East and emerging markets by the major rating agencies including Moody's, Standard & Poor's, Fitch Ratings, and Capital Intelligence. This reflects its relatively stable management and conservative strategy. It was the only Kuwaiti bank to remain solvent during Kuwait's 1982 Manakh crisis thanks to prudent management lead by CEO Ibrahim Dabdoub.

NBK has received numerous bank industry awards, including the Euromoney magazine's 'Awards for Excellence' Best bank in Kuwait which it received for eleven consecutive years. In 2004, Global Finance named NBK the Best Bank in Kuwait and the Middle East particularly in the areas of Trade Finance, Foreign Exchange and the Internet Banking. The Banker International magazine also named NBK as the Best Corporate Bank and Consumer Bank in Kuwait.

NBK wholly owns NBK Capital, its investment banking and asset management arm. NBK Capital has offices in Kuwait, Dubai and Turkey.

 

 

Central Bank of Kuwait
Tel +(965) 22449200
Fax: +(965) 22440887
Email: cbk@cbk.gov.kw
 http://www.cbk.gov.kw/

 

Industrial Bank of Kuwait
Joint Banking Complex
Darwaza Abdul-Razak Roundabout
Ahmad Al-Jaber Street
Al-Sharq, Kuwait
Postal address:
PO Box 3146,
SAFAT Kuwait 13032
Tel: +965 844446 / 2457661
Fax: +965 2406595
Email: ibk@ibkuwt.com
http://www.ibkuwt.com/

Al-Ahli Bank of Kuwait
Ahmed Al JAber Street,
Safat Square,
P.O. Box 1387
Safat 12014
Tel: +965 22400900
Fax: +965 22417284
Email: headoffice@abkuwait.com

Commercial Bank of Kuwait
Call Center 1888225 or 1888-CBK
Gulf Bank
Corporate Banking
Telephone: +965 2244 9501 Ext 2655
Treasury
Telephone: +965 2240 8522
Fax: +965 2244 7672
International Clients
Telephone: +965 22446398
Fax: +965 22412849
http://www.gulfbank.com.kw/

National Bank of Kuwait
PO Box 95
13001 Safat Kuwait
Tel 1801801
Fax 22246609

Bank of Kuwait and Middle East
P.O.Box 71, Safat 13001
Switchboard Number
965-1802000
TLX 22045BKMEKT
Fax: 965-22461430
Hayakom@bkme.com

Bank Boubyan
PO Box 95
13001 Safat Kuwait
Tel 1801801
Fax 22246609

Bank of Bahrain and Kuwait
Tel: (965) 241-7140/ 241-7147
Fax: (965) 244-0937
Telex: 23220/44043/ KUWBBK
http://www.bbkonline.com.kw

Burgan Bank
Customer Care: 1 80 40 80
Operator: +965 2298 8000
P.O.Box 5389 Al Safat 12170
View Burgan Bank Branches and ATM Locations

Citibank Kuwait
Ahmed Tower, Building No 1
Corner of Arabian Gulf Street/Al Mulla Street Sharq
P.O. Box 26027
Safat 13121, Kuwait
Tel: 965-2594000
Fax: +965-2594001
Email: alvita.saldanha@citi.com
http://www.cbk.gov.kw/

Kuwait Finance House
Abdullah Al-Mubarak Street
P.O.Box : 24989 Code 13110
Tel: 22445050 / 22423068
Fax: 22469756 / 22464124

 

Insurance Companies in Kuwait
•Alghanim Industries
•Gulf Insurance Company
•Al Ahleia Insurance
•Kuwait Insurance Company
•Warba Insurance Company
•Wethaq Takaful Insurance

HSBC Kuwait

HSBC Bank Middle East Limited, was one of the first international banks to open in Kuwait, when new foreign bank licences were granted in 2005. It re-established a presence in Kuwait after a 34 year absence.

HSBC Kuwait has one branch and one ATM in Kuwait City located in its premises near the Sheraton Hotel.

Principle Activities

Corporate and Investment Banking and Markets (CIBM)

Corporate Banking: HSBC Kuwait offers a wide range of services to both local and international companies operating in Kuwait, including local and foreign currency accounts, term deposits, loans, overdrafts and foreign exchange as well as a wide range of trade finance products, including import and export letters of credits, payment guarantees, bills for collection and acceptances. In addition, the branch offers payments and cash management (PCM) and securities sub-custodial services (CNC).

Treasury and Capital Markets: HSBC Kuwait offers a full service foreign exchange dealing capability, including options, swaps, other derivative products and structured deposits from the dealing room located in the branch.

Investment Banking: A full range of investment banking product and services such as investment banking advisory (GIB), equity capital markets (ECM), debt capital markets (DCM), project and export finance (PEF), asset anagement, and financial institutional services are available through dedicated local representatives in the branch, in liaison with product specialists from around the HSBC Group, when required.
Private Banking

HSBC Kuwait offers a bespoke Private Banking offshore service for domestic clients, utilizing the full suite of Private Banking products, with dedicated managers in the branch.

Personal Financial Services (PFS)

Onshore: The Bank has one ATM located in the branch, which is linked to HSBC's international networks and is expected to be linked to the local ATM network (KNET) as well as GCC Net. For the time being, the Branch will not offer personal account or credit card services to individuals.


Registered Address
HSBC Bank Middle East Limited - Kuwait
G/1/2 Floors, Al-Kharafi Tower,
Qibla Area, Hamad Al-Saqr Street,
P O Box 1683, Safat 13017, Kuwait

Contact numbers
Tel: +965 2230722
Fax: +965 2230733/44

Email
kuwait.info @ hsbc.com

Country Manager:
Lloyd Maddock - Chief Executive Officer

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